Tennessee § 45-5-610 - Conversion of investment certificates to thrift certificates.
Full text of Tennessee Tennessee Code Annotated § 45-5-610 — Conversion of investment certificates to thrift certificates., with citation guidance and answers to common questions.
§ 45-5-610. Conversion of investment certificates to thrift certificates.
Any outstanding investment certificates of an industrial loan and thrift company or of an industrial investment company that converts to operation as an industrial bank or any outstanding investment certificates of an industrial bank may be converted to thrift certificates, if the certificates will be insured by the federal deposit insurance corporation and otherwise meet the requirements for thrift certificates provided in this chapter and of any applicable rules adopted by the commissioner. Acts 1983, ch. 274, § 20.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-5-610
What does Tennessee Code Annotated § 45-5-610 cover?
Section 45-5-610 ("Conversion of investment certificates to 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 § 45-5-610?
A common citation format is "Tennessee Code Annotated § 45-5-610" (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 § 45-5-610 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.