Tennessee § 68-11-613 - Bonds legal and authorized investments.
Full text of Tennessee Tennessee Code Annotated § 68-11-613 — Bonds legal and authorized investments., with citation guidance and answers to common questions.
§ 68-11-613. Bonds legal and authorized investments.
Bonds issued under the authority of this part and secured by a pledge of full faith and credit shall be and are declared to be legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians and for all public funds of the state of Tennessee, including, but not limited to, the sinking funds of cities, towns, villages, counties, school districts or other political corporations or subdivisions of the state. The bonds shall be eligible to secure the deposit of any and all public funds of the state and any and all public funds of cities, towns, villages, counties, school districts or other political corporations or subdivisions of the state, and the bonds shall be lawful and sufficient security for the deposits to the extent of their value when accompanied by all unmatured coupons appertaining to the bonds. Acts 1974, ch. 601, § 13; T.C.A., § 53-5913.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 68-11-613
What does Tennessee Code Annotated § 68-11-613 cover?
Section 68-11-613 ("Bonds legal and authorized investments.") 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 § 68-11-613?
A common citation format is "Tennessee Code Annotated § 68-11-613" (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 § 68-11-613 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.