Amends TCA Title 45, Chapter 2.
Tennessee SB1279 amends Title 45, Chapter 2 of the Tennessee Code Annotated to grant the commissioner the authority to determine the type, amounts, and characteristics of deposit insurance that each state bank must maintain. This bill affects state banks operating in Tennessee by establishing criteria that the commissioner must consider when making these determinations. Key provisions include the specification of the commissioner's role in regulating deposit insurance requirements for state banks.
Tennessee SB1279 amends Title 45, Chapter 2 of the Tennessee Code Annotated to grant the commissioner the authority to determine the type, amounts, and characteristics of deposit insurance that each state bank must maintain. This bill affects state banks operating in Tennessee by establishing criteria that the commissioner must consider when making these determinations. Key provisions include the specification of the commissioner's role in regulating deposit insurance requirements for state banks.
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