Tennessee HB 150: Credit Unions - As enacted, increases from $10,000 to $15,000 the aggregate amount that a credit union may pay out of all accounts or contents of safe deposit boxes maintained by a deceased shareholder or depositor. - Amends TCA Title 45.

Bill Text

HB0150
001284
-1-

<BillNo> <Sponsor>

HOUSE BILL 150
By Hazlewood

AN ACT to amend Tennessee Code Annotated, Title 45,
relative to the settlement of benefits and estates
upon death by credit unions.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 45-4-405(a), is amended by deleting
the language "ten thousand dollars ($10,000)" and substituting instead the language "fifteen
thousand dollars ($15,000)".
SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring
it.