Tennessee § 9-4-405 - Interest on collateral.
Full text of Tennessee Tennessee Code Annotated § 9-4-405 — Interest on collateral., with citation guidance and answers to common questions.
§ 9-4-405. Interest on collateral.
Prior to default, the state treasurer, county trustee or other public official charged with the deposit of public funds and the trustee custodian, if the collateral is held by a trustee custodian, is authorized to remit to the state depository any and all interest, distributions or prepayments of any kind, upon eligible collateral pledged by such depository. Acts 1985, ch. 118, § 35; 1994, ch. 752, § 13.
Frequently Asked Questions About Tennessee § 9-4-405
What does Tennessee Code Annotated § 9-4-405 cover?
Section 9-4-405 ("Interest on 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 § 9-4-405?
A common citation format is "Tennessee Code Annotated § 9-4-405" (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 § 9-4-405 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.