(a) The following provisions of this chapter are applicable to state and federal savings and loan associations and savings banks; provided, that in the event of a conflict between the provisions and the provisions of a law on the same subject relating specifically to state or federal savings and loan associations or savings banks, the provisions of the specific law shall be controlling:
Terms Used In Tennessee Code 45-2-106
Deposit: means a deposit of money, bonds or other things of value, creating a debtor-creditor relationship. See Tennessee Code 45-1-103
Executor: A male person named in a will to carry out the decedent
Executor: includes an administrator, where the subject matter applies to an administrator. See Tennessee Code 1-3-105
Fiduciary: A trustee, executor, or administrator.
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
(1) Section 45-2-703 relating to deposits in two (2) or more names;(2) Section 45-2-704 relating to deposits in trust;(3) Section 45-2-706 relating to adverse claims to deposits;(4) Section 45-2-707 relating to powers of attorney;(5) Section 45-2-806 relating to the deposit of public funds and security requirements;(6) Part 9 of this chapter relating to safe deposit and safekeeping; and(7) Part 10 of this chapter relating to fiduciary powers.(b) The following provisions of this chapter are applicable to state and federal savings and loan associations, savings banks, and credit unions; provided, that in the event of a conflict between the provisions and the provisions of a law on the same subject relating specifically to state or federal savings and loan associations, savings banks or credit unions, the provisions of the specific law shall be controlling:
(1) Section 45-2-708, relating to payment from accounts or contents of safe deposit boxes when no executor or administrator has qualified and given notice of the executor or administrator’s qualifications; and(2) Section 45-2-710, relating to the accrual of a civil action to enforce a claim on accounts.
