Mandatory Withdrawal. The Qualified Public Depository shall be required to withdraw from the Collateral Pool as provided in Tennessee Code Annotated §9-4-517. The Treasurer shall notify the Qualified Public Depository of the effective date of the withdrawal not less than thirty (30) calendar days prior to such effective date. Within ten (10) Business Days after receipt of such notification, the Qualified Public Depository shall notify in writing each public depositor having public deposits at the Qualified Public Depository of the effective date of the withdrawal.
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Sources: Depository Pledge and Contingent Liability Agreement, Depository Pledge and Contingent Liability Agreement