§ 45-2-201 Incorporators – Applicant requirements
§ 45-2-202 Notice of intention – Request for issuance of charter – Approval or nonapproval of notice of intention or request for issuance of charter and accompanying documents – Notice – Filing – Restriction on acceptance of shares of capital stock until notice of a
§ 45-2-203 Organizational expenses
§ 45-2-204 Application for charter – Acceptance, nonacceptance and filing of application – Notice to other banks – Formation of interim bank
§ 45-2-205 Examination of application for charter – Factors considered
§ 45-2-206 Subscription calls
§ 45-2-207 Capital structure
§ 45-2-208 Capital notes and debentures
§ 45-2-211 Indemnification of officers, directors or employees
§ 45-2-212 Application for certificate of authority – Contents
§ 45-2-213 Return of noncomplying applications – Effect of failure to return
§ 45-2-214 Time for approval or denial of application – Conditions for approval
§ 45-2-215 Approval or denial of application – Action by commissioner – Limitation of bank or trust company to fiduciary purposes and powers
§ 45-2-216 Forfeiture of charter for failure to obtain certificate of authority or to commence business – Restitution of improper expenditures
§ 45-2-217 Operation before receiving certificate of authority prohibited
§ 45-2-218 Charter amendment
§ 45-2-219 Charter null and void on ceasing business – Definition
§ 45-2-220 Organization as a limited liability company – Rules and regulations – Applicability of limited liability company laws
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code > Title 45 > Chapter 2 > Part 2 - Organization of Banks

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Bank: means any person, as hereinafter defined, doing a banking business subject to the laws of this or any other jurisdiction and, for the purposes of supervision, examination and liquidation, includes industrial investment companies and industrial banks authorized by chapter 5 of this title. See Tennessee Code 45-1-103
  • Code: includes the Tennessee Code and all amendments and revisions to the code and all additions and supplements to the code. See Tennessee Code 1-3-105
  • Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
  • Community: means a city, town, or incorporated village in this state, or where not within any of the foregoing, a trade area in this state. 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.
  • Department: means the department of financial institutions. See Tennessee Code 45-1-103
  • Deposit: means a deposit of money, bonds or other things of value, creating a debtor-creditor relationship. See Tennessee Code 45-1-103
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • signed: includes a mark, the name being written near the mark and witnessed, or any other symbol or methodology executed or adopted by a party with intention to authenticate a writing or record, regardless of being witnessed. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • State bank: means any bank chartered by this state. See Tennessee Code 45-1-103
  • Subscription: includes a mark, the name being written near the mark and witnessed. See Tennessee Code 1-3-105
  • Trust company: means a state trust company or any other company chartered to act as a fiduciary that is neither a depository institution nor a foreign bank. See Tennessee Code 45-1-103
  • written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105