Tennessee § 9-4-108 - Trustee custodian.
Full text of Tennessee Tennessee Code Annotated § 9-4-108 — Trustee custodian., with citation guidance and answers to common questions.
§ 9-4-108. Trustee custodian.
“Trustee custodian” means any bank or federal reserve bank or branch thereof or the federal home loan bank which the state treasurer has designated as trustee custodian to hold eligible collateral on behalf of the state treasurer. Such designation by the state treasurer of a bank other than a federal reserve bank or the federal home loan bank shall be submitted to the commissioners of financial institutions and finance and administration for their concurrence. Financial institutions located outside this state shall be eligible to apply to be designated as trustee custodians pursuant to subsection (a); provided, that the financial institution: Is approved to serve as a trustee custodian to hold collateral pledged to secure United States treasury tax and loan accounts; Agrees that the laws of this state shall govern in determining its rights and responsibilities as a trustee custodian; and Agrees to be subject to the jurisdiction of the courts of this state, or of the courts of the United States which are located within this state, for the purpose of any litigation arising out of this chapter. Acts 1985, ch. 118, § 20; 1990, ch. 702, § 6. Compiler's Notes. Former § 9-4-108 (Code 1958, § 219 (deriv. Acts 1835-1836, ch. 12, § 13); Shan., § 265; Code 1932, § 209; mod. C. Supp. 1950, § 209; T.C.A. (orig. ed.), § 9-408), concerning copies of commissioner of finance and administration's records, was repealed by Acts 1985, ch. 118, § 12. For new law generally, see parts 1-3 of this chapter.
Frequently Asked Questions About Tennessee § 9-4-108
What does Tennessee Code Annotated § 9-4-108 cover?
Section 9-4-108 ("Trustee custodian.") 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 § 9-4-108?
A common citation format is "Tennessee Code Annotated § 9-4-108" (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 § 9-4-108 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.