Tennessee § 8-5-110 - Custodian of collateral.
Full text of Tennessee Tennessee Code Annotated § 8-5-110 — Custodian of collateral., with citation guidance and answers to common questions.
§ 8-5-110. Custodian of collateral.
The state treasurer is designated as the custodian of all negotiable instruments deposited as collateral with the state or any department thereof, and shall be exclusively responsible for their safekeeping. It is the duty of each department head or other person in the state government, having in possession collateral of the type above mentioned, to turn the same over to the state treasurer and to receive from the state treasurer an itemized receipt therefor. As additional collateral shall come into the hands of the department head or other person, the same procedure shall be followed. Such collateral submitted to the state treasurer in the form of securities shall be fully registered as to principal and interest in such manner as to identify the state and the appropriate agency or department as holder of such collateral and to also identify the individual or concern placing such collateral. The state treasurer shall make an annual report to the department head of collateral held on behalf of such department. The official bond of the state treasurer shall be security for any losses resulting under this section. Acts 1941, ch. 157, § 1; C. Supp. 1950, § 252.1; T.C.A. (orig. ed.), § 8-510; Acts 1980, ch. 447, § 1; 1985, ch. 118, § 1; 1990, ch. 702, § 1; 1997, ch. 217, § 2.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 8-5-110
What does Tennessee Code Annotated § 8-5-110 cover?
Section 8-5-110 ("Custodian of collateral.") 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 § 8-5-110?
A common citation format is "Tennessee Code Annotated § 8-5-110" (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 § 8-5-110 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.