Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 45-3-1507 - Appointment of personnel - Bonding requirements — Tennessee Law | CourtGPT
  1. Home/
  2. Laws/
  3. Tennessee/
  4. Title 45 - Banks and Financial Institutions/
  5. Chapter 3 - Savings and Loan Associations/
  6. Part 15 - Mutual Savings and Loan Holding Company Act/
  7. Section 45-3-1507 - Appointment of personnel - Bonding requirements
Tennessee Legal Code

Section 45-3-1507 - Appointment of personnel - Bonding requirements

Ask AI about this
The commissioner shall appoint, subject to any applicable provisions of law, a supervisor, such examiners, employees, experts and special assistants as may be necessary to effectively carry out this part. The commissioner shall require each supervisor, examiner, expert, and special assistant employed or appointed by the commissioner to give bond, with security to be approved by the commissioner, in an amount set by the commissioner, conditioned for the faithful discharge of the person's duties. Premium on the bond shall be paid by the commissioner from funds appropriated for that purpose. The bond, together with verification of payment of the premium on the bond, shall be on file in the office of the commissioner and subject to public inspection.Acts 1989, ch. 354, § 7.