Tenn. Code § 45-3-805
Current through Acts 2023-2024, ch. 1069
The commissioner, after a determination of value, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association's books, be charged off, or that a special reserve or reserves equal to the overvaluation be set up by transfers from surplus, undivided profits or reserves.
T.C.A. § 45-3-805