Tennessee § 45-5-605 - Issuance of thrift certificates.
Full text of Tennessee Tennessee Code Annotated § 45-5-605 — Issuance of thrift certificates., with citation guidance and answers to common questions.
§ 45-5-605. Issuance of thrift certificates.
An industrial bank shall not issue thrift certificates until and unless: It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation; It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it. Acts 1983, ch. 274, § 20.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-5-605
What does Tennessee Code Annotated § 45-5-605 cover?
Section 45-5-605 ("Issuance of thrift certificates.") 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 § 45-5-605?
A common citation format is "Tennessee Code Annotated § 45-5-605" (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 § 45-5-605 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.