Each member of the corporation shall make loans to the corporation as and when called upon by it to do so on such terms and other conditions as shall be approved from time to time by the board of directors, subject to the following conditions:
Structure 2021 Tennessee Code
Title 48 - Securities, Corporations and Associations
Chapter 101 - Special Purpose Corporations and Associations
Part 1 - Development Credit Corporation Act
§ 48-101-102. Part Definitions
§ 48-101-103. Persons Entitled to Incorporate — Certificate of Incorporation
§ 48-101-104. Completion of Corporate Entity
§ 48-101-109. No Preemptive Rights Respecting Unissued Stock
§ 48-101-110. Membership of Financial Institutions
§ 48-101-111. Duration of Membership — Withdrawal
§ 48-101-113. Loans to the Corporation
§ 48-101-114. Obligations of Corporation Are Legal Investments for Members
§ 48-101-115. Limit on Total Obligations
§ 48-101-118. Supervision Over Corporation — Reports