reglab/housing_qa huggingface dataset:
TN Code § 45-3-404 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 4 - General Powers and Duties|§ 45-3-404. Computation of Net Income

 Every association shall close its books on the last business day of its fiscal year, and at other times that its charter or bylaws provide, or as the commissioner requires, for the purpose of determining the gross income of the association for its fiscal year or for the period since the date of the last closing of its books, and from which shall be deducted the expenses of operating the association for that period, the balance remaining being the net income for the period.
TN Code § 45-3-405 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 4 - General Powers and Duties|§ 45-3-405. Reserves — Liquid Assets

 Every association shall set up and maintain reserves for the purpose of absorbing losses and shall maintain such portion of its assets in cash and other liquid assets as required by the commissioner. If an association has obtained insurance of accounts by the federal savings and loan insurance corporation, or by any other insurer approved by the commissioner, any portion of the loss reserves of the association may be considered as constituting a portion of the insurance reserves required by the insurer and may be set up as an insurance reserve account on the books of the association.
TN Code § 45-3-406 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 4 - General Powers and Duties|§ 45-3-406. Transfers to Loss Reserves

  If, at the date of any closing of its books, the loss reserves of an association equal an aggregate amount of a percentage as the commissioner may prescribe, then an amount necessary to increase its loss reserves to the required amount shall be transferred from the net income of the association to its loss reserves.   In the event that any credit to the loss reserves of an association is made following July 1, 1978, in excess of the minimum percentage required herein, the dollar amount of the excess may be carried over as a credit toward the minimum requirement for any subsequent accounting period.
TN Code § 45-3-407 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 4 - General Powers and Duties|§ 45-3-407. Dividends on Capital Stock

 In the case of a capital stock association, the balance of net income of the association, if any, after providing for all expenses of operation, allocation to loss reserves, and payment of interest, may be credited to a retained earnings or surplus account, from which the board of directors may, at its discretion, and at such times as it may determine, declare, and pay dividends in cash or additional stock to the holders of record of the stock outstanding at the date the dividends are declared.
TN Code § 45-3-501 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-501. Deposit Liability

  The deposit liability of an association shall consist only of the aggregate amount of deposit accounts of its depositors, plus interest credited to the accounts, less redemption and withdrawal payments.   Except as limited by the board of directors from time to time, a depositor may make additions to the depositor's deposit accounts in the amounts and at the times that the depositor may elect.   Deposit accounts shall be open for cash.   Interest shall be declared in accordance with this chapter.   No preference between depositors shall be created with respect to the distribution of assets upon voluntary or involuntary liquidation, dissolution, or winding up of an association.
TN Code § 45-3-502 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-502. Authorization of Deposit Accounts

  Acceptance of Deposit Accounts.  An association may accept deposit accounts of any type and in any form not prohibited by this chapter or by other applicable law or by rules and regulations of the commissioner. An association shall not accept accounts other than deposit accounts; provided, that in the event of a conversion of a federal association to a state association, savings accounts in the federal association, existing at the time it so converts shall remain savings accounts unless and until they are exchanged for deposit accounts. Exchanges of savings accounts shall be governed by rules and regulations promulgated by the commissioner.   Priority of Deposit Accounts.  In any situation in which the priority of deposit accounts is to be determined or is in controversy, deposit accounts shall be debts of the association having the same priority as the claims of general creditors of the association not having priority, other than any priority arising or resulting from consensual, or, if so determined by a court, equitable, subordination, over other general creditors of the association.
TN Code § 45-3-503 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-503. Nature of Deposit Accounts

  Ownership.  Deposit accounts may be opened by any person and held solely and absolutely in the person's own right, or jointly by, or in trust or other fiduciary capacity for, any person or persons, including, but not limited to, an adult or minor individual, male, female, single or married, partnership, association, fiduciary, corporation, political subdivision or any governmental, public or quasi-public entity specifically referred to in § 9-1-107.   Transfer of Accounts.  Deposit accounts shall be represented only by the account of each depositor on the books of the association, and the accounts or any interest in the accounts shall be transferable only on the books of the association upon proper application by the transferor or transferee and upon acceptance by the association of the transferee as a depositor upon terms approved by the board of directors. The association may treat the holder of record of a deposit account as the owner of the account for all purposes without being affected by any notice to the contrary unless the association has acknowledged, in writing, notice of a pledge or other transfer of the deposit account.   Deposit Account Contract.  Subject to the prior approval by the commissioner of the form of each type of deposit account contract, each depositor shall execute a deposit account contract setting forth any special terms and provisions applicable to the deposit account and the ownership of the account and the conditions upon which withdrawals may be made. The contracts shall be held by the association as part of its records pertaining to the account, and a copy of the contract shall be furnished to the depositor.   Evidence of Ownership.  An association shall issue evidence of accounts that the commissioner may authorize.   Inducements.  For the opening or increasing of any deposit account, no association shall, directly or indirectly, give, sell, dispose of, or otherwise advertise or permit the giving, selling, or disposition of, for any one (1) opening or increase, anything having a cost or value in excess of amounts permitted with respect to federal associations by applicable federal law and regulation, but inducement shall be allowed to the extent permitted to federal associations under the applicable federal law and regulation.
TN Code § 45-3-504 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-504. Prohibited Transactions

 Any other provision of the law to the contrary notwithstanding, no association shall have the authority to receive demand deposit accounts or offer checking accounts, negotiable orders of withdrawal, or share accounts until federal associations in Tennessee are authorized to do so by federal law or regulation.
TN Code § 45-3-505 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-505. Contracts for Savings Programs

  Payroll Savings Programs.  An association may contract with any employer with respect to the solicitations, collection, and receipt of savings by payroll deduction to be credited to a designated account or accounts of the employer's employee or employees who voluntarily may participate.   Other Savings Programs.  Subject to rules and regulations of the commissioner, an association may contract with any other person or persons, including, but not limited to, educational or charitable institutions, for the participation by the association in any savings plan with the person or persons.   Federally Approved Savings Programs.  Any association insured by the federal savings and loan insurance corporation may contract with or enter into any savings program approved by the federal savings and loan insurance corporation.
TN Code § 45-3-506 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-506. Power of Attorney on Accounts

  Any association may continue to recognize the authority of a power of attorney authorizing in writing as attorney-in-fact to operate, in whole or in part, the account of a depositor, unless and until it receives actual notice of the revocation of authority.   Actual notice of the death, adjudication of incompetency, or adjudication of bankruptcy of the depositor shall constitute actual notice of revocation of the authority of the attorney-in-fact, except where the Uniform Durable Power of Attorney Act, compiled in title 34, chapter 6, is applicable.   No association shall be liable for damages, penalty, or tax by reason of any payment made pursuant to this section.
TN Code § 45-3-507 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-507. Accounts of Minors

  Any association may accept deposit accounts from any minor as the sole and absolute owner of the account, and receive payments on the accounts by or for the owner, and pay withdrawals, accept pledges to the association, and act in any other manner with respect to the accounts on the order of the minor.   Any payment or delivery of rights to any minor, or a receipt of acquittance signed by a minor who holds an account, shall be a valid and sufficient release and discharge of the association for any payment so made or delivery of rights to the minor. The receipt of acquittance signed by a minor who holds an account shall be a valid and sufficient release and discharge of the association for any payment so made or delivery of rights to the minor. The receipt, acquittance, pledge, or other action required by the association to be taken by a minor shall be binding upon the minor with like effect as if the minor were of full age and legal capacity.   The parent or guardian of the minor shall not, in the person's capacity as parent or guardian, have the power to attach or in any manner to transfer any account issued to or in the name of the minor; provided, that in the event of the death of the minor, the receipt or acquittance of either parent or guardian of the minor shall be a valid and sufficient discharge of the association for any sum or sums not exceeding in the aggregate one thousand dollars ($1,000), unless the minor has given written notice not to accept the signature of the parent or guardian.
TN Code § 45-3-508 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-508. Accounts in Two or More Names

 Deposit accounts and certificates of deposit maintained in any association in the names of two (2) or more persons shall be governed by § 45-2-703.
TN Code § 45-3-509 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-509. Pledge to Association of an Account in Joint Tenancy

 The pledge or hypothecation to any association of all or part of an account in joint tenancy signed by any tenant or tenants whether minor or adult, upon whose signature or signatures withdrawals may be made from the account, shall, unless the terms of the account provide specifically to the contrary, be a valid pledge and transfer to the association of that part of the account pledged or hypothecated, and shall not operate to sever or terminate the joint and survivorship ownership of all or any part of the account.
TN Code § 45-3-510 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-510. Incompetency of a Joint Tenant

  The adjudication of incompetency of any one (1) or more of the joint tenants shall not operate to sever or terminate the joint tenancy ownership of all or any part of the account, and the account may be withdrawn or pledged by any one (1) or more of the joint owners in the same manner as though the adjudication of incompetency had not been made, except that any withdrawal or pledge on behalf of the incompetent joint owner shall be by guardian or conservator.   Payment of any or all of the moneys in the account shall discharge the association from liability with respect to the moneys so paid.
TN Code § 45-3-511 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-511. Accounts of Administrators, Executors, Guardians, Custodians, Trustees, and Other Fiduciaries

  Any association may accept accounts in the name of any administrator, executor, custodian, conservator, guardian, trustee, or other fiduciary for a named beneficiary or beneficiaries.    A fiduciary shall have power to vote as a member in a mutual association as if the membership were held absolutely, and shall have power to open and to make additions to, and to withdraw the account in whole or in part from, any association governed by this chapter.   The withdrawal value of the account, and interest on the account, or other rights relating to the account may be paid or delivered, in whole or in part, to the fiduciary without regard to any notice to the contrary as long the fiduciary is living.   The payment or delivery to the fiduciary to whom the payment or the delivery of right is made shall be a valid and sufficient release and discharge of an association for the payment or delivery so made.     Whenever a person holding an account in a fiduciary capacity dies and no written or actual notice of the revocation or termination of the fiduciary relationship has been given to an association, and the association has no written or actual notice of any other disposition of the beneficial estate, either to a successor fiduciary or otherwise, the withdrawal value of the account, and interest on the account, or other rights relating to the account may, at the option of an association, be paid or delivered, in whole or in part, to the beneficiary or beneficiaries.   Whenever an account is opened by any person, describing the person in opening the account as trustee for another and no other or further notice of the existence and terms of a legal and valid trust than the description has been given in writing and to the association, in the event of the death of the person so described as trustee, the withdrawal value of the account or any part of the account, together with the interest on the account, may be paid to the person for whom the account was thus described to have been opened.   The payment or delivery to the beneficiary, beneficiaries, or designated person, or a receipt or acquittance signed by the beneficiary, beneficiaries, or designated person for payment or delivery shall be a valid and sufficient release and discharge of an association for the payment or delivery so made.   No association paying the fiduciary, beneficiary, or designated person in accordance with this section shall be liable for any estate, inheritance, or succession taxes that may be due this state.
TN Code § 45-3-512 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-512. Accounts of Incompetents

 When an account is held in any association by a person who becomes incompetent and an adjudication of incompetency has been made by a court of competent jurisdiction, the association may pay or deliver the withdrawal value of the account and any interest that may have accrued on the account to the guardian or conservator for the person upon proof of the appointment and qualification of the guardian or conservator; provided, that if the association has received no written notice and is not on actual notice that the depositor has been adjudicated incompetent, it may pay or deliver the funds to the depositor in accordance with the account contract, and the receipt or acquittance of the depositor shall be a valid and sufficient release and discharge of the association for the payment or delivery so made.
TN Code § 45-3-513 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-513. Accounts of Deceased Nonresidents

  When an account is held in any association by a person residing in another state or country, in the event of the death of the depositor, the account, together with additions to the account, or any part of the account, shall be exempt from any taxation otherwise imposed by this state and may be paid to the administrator or executor appointed in the state or country where the holder resided at the time of death; provided, that the administrator or executor has furnished the association with:  Authenticated copies of the letters of the administrator or executor and of the order of the court that issued the letters to the person authorizing the person to collect, receive, and remove the personal estate; and   An affidavit by the administrator or executor that, to the administrator's or executor's knowledge, no letters then are outstanding in this state and no petition for letters by an heir, legatee, devisee, or creditor of the decedent is pending on the estate in this state, and that there are no creditors of the estate in this state.     Upon payment or delivery to the representative after receipt of the affidavit and authenticated copies, the association is released and discharged to the same extent as if the payment or delivery had been made to a legally qualified resident executor or administrator and is not required to see to the application or disposition of the property.   No action at law or in equity shall be maintained against the association for payment made in accordance with this section.
TN Code § 45-3-514 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-514. Payment When No Executor or Administrator Qualifies

   Notwithstanding § 30-2-317, where no executor or administrator of a deceased depositor has qualified and given notice of the person's qualification to the association, it may in its discretion and at any time after thirty (30) days from the death of the depositor pay out of all accounts or contents of safe deposit boxes maintained with it by the depositor in an individual capacity all sums that do not exceed fifteen thousand dollars ($15,000)  in the aggregate:  To the executor named in any will known to the association; or   In the absence of knowledge of any purported will naming a surviving executor to:   A creditor for expenses of the funeral;   A creditor for the expenses of the last illness;   The surviving spouse; and   To the next of kin.(2)  In the case of conflicting claims, the order of priority shall be that set out in subdivision (a)(1)(B).         The receipt of any guardian, administrator or executor, duly appointed and qualified by the courts of this state or any other state, acknowledging the payment or transfer of funds, standing in the name of the person whose estate the fiduciary represents, in the form of deposits in associations shall be good and sufficient acquittance for the payment or transfer and shall constitute a valid defense in favor of the associations against the demands or claims of all parties.   No association shall be liable for damages, penalty or tax by reason of any payment made pursuant to this section.
TN Code § 45-3-515 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-515. Account Payable on Death

 An association may accept deposits made by any person in trust for another or may contract for deposits that may be made payable on the death of the last surviving owner under the same terms and conditions provided by § 45-2-704.
TN Code § 45-3-516 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 3 - Savings and Loan Associations|Part 5 - Accounts|§ 45-3-516. Accounts as Legal Investments and as Security

  Legal Investments.  In addition to investments in savings and loan associations as authorized by other law, administrators, executors, custodians, conservators, guardians, trustees, and other fiduciaries of every kind and nature, insurance companies, business and manufacturing companies, banks, trust companies, savings and loan associations, credit unions, and other types of similar financial institutions, charitable, educational, eleemosynary corporations, funds and organizations, cemeteries, perpetual care funds, state and local governmental agencies and municipal and other public corporations and bodies, and public officials, including, but not limited to, all officials, boards, agencies, and entities described in §§ 9-1-107 and 35-3-117, and all other legal entities are specifically authorized and empowered to invest or deposit funds held by them, without any order of any court, in accounts of associations covered by this chapter and in accounts of federal associations organized under the laws of the United States and under federal supervision, and the investments shall be deemed and held to be legal investments for the funds.   With respect to investments by custodians, associations are deemed to be “banks” within the meaning of that term as used in [former] § 35-7-102.   The commissioner may by regulation provide that accounts in associations shall be legal investments for any persons, firms, corporations, or entities not herein specifically referred to.     Security.  Whenever, under the laws of this state or otherwise, a deposit of securities is required for any purpose, the accounts made legal investments by this section shall be acceptable for deposits, and whenever under the laws of this state or otherwise, a bond is required with security, the bond may be furnished, and the accounts made legal investments by this section in the amount of the bond, when deposited therewith, shall be acceptable as security for the bond without other security.   Provisions Supplemental.  This section is supplemental to any and all other laws relating to and declaring what shall be legal investments for the persons, fiduciaries, corporations, organizations and officials referred to in this section, and the laws relating to the deposit of securities and the making and filing of bonds for any purpose.