Notwithstanding any other law, general or special, the notes or other interest-bearing obligations of such corporation, issued in accordance with and by virtue of this part and the bylaws of such corporation, shall be legal investments for the banking, insurance, and surety organizations which become members of such corporation, up to but in no event exceeding the loan limits established herein.
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