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2019 Tennessee Code
Title 9 - Public Finances
Chapter 4 - State Funds, State Budget and Appropriations
Part 1 - Definitions
§ 9-4-105. Required collateral.
Universal Citation: TN Code § 9-4-105 (2019)
“Required collateral” means collateral whose market value is equal to one hundred five percent (105%) of the value of the state deposit secured thereby, less so much of such amount as is protected by the federal deposit insurance corporation.
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