In order to protect the interests of holders of thrift certificates, in addition to the other provisions of chapters 1 and 2 of this title made applicable by this chapter to industrial banks, the following sections are applicable to industrial banks as to state banks generally: §§ 45-1-122; 45-2-101 [repealed]; 45-2-103; 45-2-203; 45-2-207(a), (d) and (e); 45-2-207(c), except the reference to “trust powers”; 45-2-208, except that loan limits for industrial banks shall be controlled by § 45-5-302, rather than § 45-2-1102; 45-2-209 [repealed]; 45-2-404; 45-2-607, except that industrial banks may invest in obligations that satisfy the requirements of chapter 5 of this title; and 45-2-616.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 5 - Industrial Loan and Thrift Companies
Part 6 - Industrial Banks and Industrial Investment Companies
§ 45-5-601. Supervision and Examination
§ 45-5-602. Liquidation, Dissolution, and Reorganization of Industrial Banks
§ 45-5-604. Insurance of Thrift Certificates
§ 45-5-605. Issuance of Thrift Certificates
§ 45-5-606. Rules Concerning Investment and Thrift Certificates
§ 45-5-607. Applicability of Laws Pertaining to Banks
§ 45-5-608. Conversion of Industrial Loan and Thrift Companies
§ 45-5-610. Conversion of Investment Certificates to Thrift Certificates