Amends Tennessee Code to clarify the creation of the collateral pool board.
The bill amends Tennessee Code Annotated, Title 4, Chapter 29 and Title 9, Chapter 4, Part 5, to clarify the creation of the collateral pool board. It inserts a new subdivision into Section 4-29-252(a) to explicitly state that the collateral pool board is created by Section 9-4-506. The act becomes effective upon becoming law, as it is deemed necessary for the public welfare.
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