No association shall invest in any security, other than in liquid assets, or in any real estate or other loan at any time when its liquid assets are less than a minimum percentage of its deposit liability, which percentage shall be set by the commissioner.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
Part 4 - General Powers and Duties
§ 45-3-401. Required Liquidity
§ 45-3-402. Regulation of Loans and Investments
§ 45-3-403. Right to Act to Avoid Loss
§ 45-3-404. Computation of Net Income