Tennessee Statutes

§ 45-3-1103 — Sale of assets

Tennessee·Title 45
An association, in one (1) transaction not in the ordinary course of its business, may sell all or substantially all of its assets, with or without its name and good will, to another association or to a federal association, in consideration of money, stock, or obligations of the purchasing association.

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Legislative History

Acts 1978, ch. 708, § 4.11; T.C.A., § 45-1611.

Nearby Sections

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