Tennessee Code 45-8-102 – Purchase of stock by state banks authorized
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Terms Used In Tennessee Code 45-8-102
- Department: means the department of financial institutions. See Tennessee Code 45-1-103
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
State banks under the supervision of the department of financial institutions shall be authorized to purchase stock in a small business investment company in the same manner and subject to the same restrictions and limitations as national banks under the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress, second session, 72 Stat. 689 (15 U.S.C. § 661 et seq.), including any amendments thereto hereafter adopted.