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Section 45-8-102 - Purchase of stock by state banks authorized — Tennessee Law | CourtGPT
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  7. Section 45-8-102 - Purchase of stock by state banks authorized
Tennessee Legal Code

Section 45-8-102 - Purchase of stock by state banks authorized

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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.Acts 1959, ch. 22, § 2 (T.C.A. (Supp.), § 48-828); T.C.A., § 45-2502.