Tenn. Comp. R. & Regs. 0180-12-.11

Current through December 10, 2024

Section 0180-12-.11 - PERCENT OF ASSETS

An association's investment in capital stock, obligations or other securities of service organizations which assist in furthering or facilitating the association's purposes, powers, or community responsibilities is limited to three (3) percent of the association's total assets.

Original rule certified June 10, 1974. Repeal and new rule filed June 30, 1980; effective September 15, 1980. Transferred from the Department of Commerce and Insurance by Executive Order Number 38; effective February 11, 1983.

Authority: T.C.A. §§ 45-3-402 and 45-3-601(d).