Tennessee § 45-3-1505 Acquisitions - Application - Approval required

Tennessee Statutes

§ 45-3-1505 — Acquisitions - Application - Approval required

Tennessee § 45-3-1505

Title45

This text of Tennessee § 45-3-1505 (Acquisitions - Application - Approval required) 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. § 45-3-1505 (2026).

Text

A mutual savings and loan holding company may acquire control of a subsidiary, association, or mutual savings and loan holding company upon application to and the prior written approval of the commissioner. The application shall be in the form prescribed by the commissioner and shall contain information that enables the commissioner to determine if the acquisition is consistent with the public interest of maintaining a sound financial system.

Free access — add to your briefcase to read the full text and ask questions with AI

A mutual savings and loan holding company may acquire control of a subsidiary, association, or mutual savings and loan holding company upon application to and the prior written approval of the commissioner. The application shall be in the form prescribed by the commissioner and shall contain information that enables the commissioner to determine if the acquisition is consistent with the public interest of maintaining a sound financial system.