There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 4 - Credit Unions
Part 7 - Capital and Reserves
45-4-702 - Reserve income.
45-4-702. Reserve income.
All entrance fees, transfer fees and charges shall, after the payment of the organization expenses, be known as reserve income and shall be added to the reserve fund of the credit union.
[Acts 1923, ch. 68, § 20; Shan. Supp., § 2198a27; Code 1932, § 3854; Acts 1947, ch. 125, § 1; C. Supp. 1950, § 3854; Acts 1967, ch. 227, § 5; 1974, ch. 557, § 16; T.C.A. (orig. ed.), § 45-1825.]
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