Tennessee Statutes

§ 45-3-207 — Completion of organization

Tennessee·Title 45

Upon filing by the secretary of state, the directors elected during the period of interim organization shall proceed to:

(1)Approve and adopt the charter and bylaws;
(2)Elect officers pursuant to the bylaws;
(3)Take action necessary to effect the insurance of the deposit accounts of the association; and (4) Take other action that may be necessary to complete the organization.

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Legislative History

Acts 1978, ch. 708, § 1.21; T.C.A., § 45-1321.

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