Tennessee § 45-2-1412 Acquisition of branch by out-of-state bank

Tennessee Statutes

§ 45-2-1412 — Acquisition of branch by out-of-state bank

Tennessee § 45-2-1412

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This text of Tennessee § 45-2-1412 (Acquisition of branch by out-of-state bank) 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. § 45-2-1412 (2026).

Text

(a)An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch.

(b)[Deleted by 2020 amendment.]

(c)No bank or out-of-state bank may establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities.

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(a) An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch. (b) [Deleted by 2020 amendment.] (c) No bank or out-of-state bank may establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities.