Tennessee § 45-2-1314 Share exchanges

Tennessee Statutes

§ 45-2-1314 — Share exchanges

Tennessee § 45-2-1314

Title45

This text of Tennessee § 45-2-1314 (Share exchanges) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 45-2-1314 (2026).

Text

(a)A corporation may acquire all of the outstanding shares of one (1) or more classes or series of a bank, and a bank may acquire all of the outstanding shares of one (1) or more classes or a series of another bank or corporation, if the board of directors of each corporation or bank adopts and its shareholders, if required by § 48-21-104 , approve the exchange. The share exchange shall be subject to and in accordance with the Tennessee Business Corporation Act, compiled in title 48, chapter 21, except as chapter 21 of the Tennessee Business Corporation Act is inconsistent with this title.

(b)Any share exchange involving a bank or a bank holding company shall be subject to any regulatory approval required by applicable law.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A corporation may acquire all of the outstanding shares of one (1) or more classes or series of a bank, and a bank may acquire all of the outstanding shares of one (1) or more classes or a series of another bank or corporation, if the board of directors of each corporation or bank adopts and its shareholders, if required by § 48-21-104 , approve the exchange. The share exchange shall be subject to and in accordance with the Tennessee Business Corporation Act, compiled in title 48, chapter 21, except as chapter 21 of the Tennessee Business Corporation Act is inconsistent with this title. (b) Any share exchange involving a bank or a bank holding company shall be subject to any regulatory approval required by applicable law.