Tennessee Code 45-9-101 – Legislative intent
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Terms Used In Tennessee Code 45-9-101
- operating: means that:
(A) A charter has been issued to a bank by the United States comptroller of the currency or a certificate of authority has been issued by the commissioner. See Tennessee Code 45-1-103
The general assembly declares that it is the purpose of this chapter to provide for the establishment of international banking and financial corporations chartered and operating under Tennessee law with powers sufficiently broad to enable them to compete effectively with similar institutions organized under other jurisdictions and laws, specifically institutions organized under § 25(a) of the Federal Reserve Act.