2021 Tennessee Code
Chapter 101 - Special Purpose Corporations and Associations
Part 1 - Development Credit Corporation Act

§ 48-101-101. Short Title - This part shall be known as the “Development Credit Corporation...

§ 48-101-102. Part Definitions - As used in this part, unless the context otherwise requires:

§ 48-101-103. Persons Entitled to Incorporate — Certificate of Incorporation - Twenty-five (25) or more persons, a majority of whom shall...

§ 48-101-104. Completion of Corporate Entity - The forms and procedure for completing the corporate entity shall...

§ 48-101-105. Powers - Subject to the limitations of this part and the certificate...

§ 48-101-109. No Preemptive Rights Respecting Unissued Stock - No stockholder shall be entitled as of right to purchase...

§ 48-101-110. Membership of Financial Institutions - Any financial institution may request membership in the corporation by...

§ 48-101-111. Duration of Membership — Withdrawal - Membership in the corporation shall be for the duration of...

§ 48-101-113. Loans to the Corporation - Each member of the corporation shall make loans to the...

§ 48-101-114. Obligations of Corporation Are Legal Investments for Members - Notwithstanding any other law, general or special, the notes or...

§ 48-101-115. Limit on Total Obligations - At no time shall the total obligations of such corporation...

§ 48-101-116. Earned Surplus - The corporation shall set apart as an earned surplus all...

§ 48-101-118. Supervision Over Corporation — Reports - The corporation shall be subject to the supervision of and...

§ 48-101-119. Amendment of Charter - The charter may be amended by the votes of the...

§ 48-101-120. State Credit Not Pledged - Under no circumstances is the credit of the state pledged...