Tennessee § 45-2-1404 Acquisition by holding company prohibited

Tennessee Statutes

§ 45-2-1404 — Acquisition by holding company prohibited

Tennessee § 45-2-1404

Title45

This text of Tennessee § 45-2-1404 (Acquisition by holding company prohibited) 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. § 45-2-1404 (2026).

Text

A bank or bank holding company shall be prohibited from acquiring any bank in Tennessee if the bank or bank holding company, including all insured depository institutions that are affiliates of the bank or bank holding company, upon consummation of the acquisition, would control thirty percent (30%) or more of the total amount of the deposits of the insured depository institutions in Tennessee. For purposes of this part, "deposit" has the meaning set forth in § 3( l ) of the Federal Deposit Insurance Act ( 12 U.S.C. § 1813 ( l )).

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

A bank or bank holding company shall be prohibited from acquiring any bank in Tennessee if the bank or bank holding company, including all insured depository institutions that are affiliates of the bank or bank holding company, upon consummation of the acquisition, would control thirty percent (30%) or more of the total amount of the deposits of the insured depository institutions in Tennessee. For purposes of this part, "deposit" has the meaning set forth in § 3( l ) of the Federal Deposit Insurance Act ( 12 U.S.C. § 1813 ( l )).