Tennessee Code 45-9-102 – Certificate of authority by commissioner
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Terms Used In Tennessee Code 45-9-102
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The commissioner of financial institutions (hereinafter “the commissioner”) may grant a certificate of authority to any Tennessee corporation organized under this chapter for the purpose of engaging in international or foreign banking or other international or foreign financial operations; provided, that the corporation’s charter is sufficiently limited so that no corporation organized under this chapter may carry on any part of its business in Tennessee or in the United States, except business that, in the opinion of the commissioner, is incidental to its international or foreign business.