Tennessee § 45-3-505 - Contracts for savings programs.
Full text of Tennessee Tennessee Code Annotated § 45-3-505 — Contracts for savings programs., with citation guidance and answers to common questions.
§ 45-3-505. Contracts for savings programs.
Payroll Savings Programs. An association may contract with any employer with respect to the solicitations, collection, and receipt of savings by payroll deduction to be credited to a designated account or accounts of the employer's employee or employees who voluntarily may participate. Other Savings Programs. Subject to rules and regulations of the commissioner, an association may contract with any other person or persons, including, but not limited to, educational or charitable institutions, for the participation by the association in any savings plan with the person or persons. Federally Approved Savings Programs. Any association insured by the federal savings and loan insurance corporation may contract with or enter into any savings program approved by the federal savings and loan insurance corporation. Acts 1978, ch. 708, § 2.05; T.C.A., § 45-1405. Compiler's Notes. For repeal of the former section, see Compiler's Notes to § 45-3-501 . The federal savings and loan insurance corporation, referred to in this section, was abolished, effective February 1, 1992. See the Historical and Statutory Notes under 12 U.S.C. § 1437 .
Frequently Asked Questions About Tennessee § 45-3-505
What does Tennessee Code Annotated § 45-3-505 cover?
Section 45-3-505 ("Contracts for savings programs.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-3-505?
A common citation format is "Tennessee Code Annotated § 45-3-505" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-3-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.