There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 4 - Credit Unions
Part 4 - Shares
45-4-401 - Premiums for shares prohibited.
45-4-401. Premiums for shares prohibited.
Credit union shares shall in no event be sold at a premium by any credit union to its members.
[Acts 1931, ch. 67, § 1; C. Supp. 1950, § 3849; Acts 1979, ch. 86, § 6; T.C.A. (orig. ed.), § 45-1817.]
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