Tennessee Code 45-4-104 – Use of words “credit union” in name or title regulated
Current as of: 2024 | Check for updates
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Attorney's Note
Under the Tennessee Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| class C misdemeanor | up to 30 days | up to $50 |
Terms Used In Tennessee Code 45-4-104
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: means an individual, corporation, firm, trust, estate, partnership, joint venture, or association. See Tennessee Code 45-1-103
The use by any person, corporation, association or copartnership, except corporations formed under this chapter, of any name or title that contains the words “credit union” is a Class C misdemeanor.