Tenn. Comp. R. & Regs. 0180-16-.01

Current through December 10, 2024

Section 0180-16-.01 - SPECIAL RESERVE IN LIEU OF FIDELITY BOND

A state-chartered bank ("Bank") which meets the requirements of this chapter may establish a special reserve fund in lieu of providing a good and sufficient fidelity bond on all active officers and employees, as required by T.C.A. § 45-2-403(a), as amended.

Tenn. Comp. R. & Regs. 0180-16-.01

Original Rule filed August 13, 1986; effective November 29, 1986.

Authority: T.C.A. §§ 45-1-107 and 45-2-403; Public Chapter 865, Acts of 1986.