Tennessee Statutes
§ 45-2-219 — Charter null and void on ceasing business - Definition
Tennessee § 45-2-219
JurisdictionTennessee
Title45
This text of Tennessee § 45-2-219 (Charter null and void on ceasing business - Definition) 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. § 45-2-219 (2026).
Text
Any charter issued under this chapter shall be null and void if an institution that is chartered and commences business ceases to conduct business and no business is conducted for a period of two (2) years. For the purposes of this section, "business" means:
(1)Receiving deposits, paying out money on checks and making loans; or (2) Acting as a fiduciary for the purposes of a trust company.
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Legislative History
Acts 1999, ch. 112, § 5.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and dutiesCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 45-2-219, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-2-219.