Tennessee Statutes
§ 45-3-107 — Corporate form required - Capital stock and mutual associations authorized
Tennessee·Title 45
(a)No person, except a corporation chartered by the state of Tennessee or a federally chartered association, shall engage in the business of a savings and loan association in this state.
(b)The charter of an association may provide for the issuance of capital stock or for the organization of the association as a mutual association.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 45-3-107 (Corporate form required - Capital stock and mutual associations authorized) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1978, ch. 708, § 1.07; T.C.A., § 45-1307.
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