Tennessee Code 45-11-104 – Conversion of charter
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Terms Used In Tennessee Code 45-11-104
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
- Financial institution: means a savings and loan association, bank, savings bank, credit union, or trust company organized under the laws of any state or organized under the laws of the United States. See Tennessee Code 45-11-102
Any financial institution may apply to the commissioner for permission to convert its charter in order to do business as another type of financial institution in accordance with the procedures prescribed in this chapter.