Tennessee Statutes
§ 45-2-220 — Organization as a limited liability company - Rules and regulations - Applicability of limited liability company laws
Tennessee·Title 45
(a)Subject to the requirements and restrictions of this chapter, including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to title 48, chapters 201-249.
(b)The department shall have the authority to promulgate rules and regulations specifying the conditions under which a bank or trust company may organize as a limited liability company.
(c)To the extent title 48, chapters 201-249 is consistent with and not in conflict with this chapter and the rules and regulations of the department, title 48, chapters 201-249 shall apply to a bank or trust company that has organized as a limited liability company.
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Tennessee § 45-2-220 (Organization as a limited liability company - Rules and regulations - Applicability of limited liability company laws) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2006, ch. 660, § 4.
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 duties