Tennessee Code > Title 45 > Chapter 8 > Part 1 – Small Business Investment Companies
Current as of: 2024 | Check for updates
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Other versions
| § 45-8-101 | Functions and powers – Supervision |
| § 45-8-102 | Purchase of stock by state banks authorized |
| § 45-8-103 | Purchase of companies’ negotiable obligations by authorized companies |
Terms Used In Tennessee Code > Title 45 > Chapter 8 > Part 1 - Small Business Investment Companies
- 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.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105