Tennessee Code > Title 45 > Chapter 3 > Part 3 – Branch or Satellite Offices
Current as of: 2024 | Check for updates
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Other versions
§ 45-3-301 | Location – Effect of de novo branches |
§ 45-3-302 | Approval by commissioner |
§ 45-3-303 | Rules and regulations |
Terms Used In Tennessee Code > Title 45 > Chapter 3 > Part 3 - Branch or Satellite Offices
- Association: means a capital stock or mutual savings and loan association. See Tennessee Code 45-3-104
- 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
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-3-104
- Depository institution: means any company included for any purpose within any of the definitions of insured depository institution, as set forth in 12 U. See Tennessee Code 45-1-103
- Home state: means :
(A) With respect to a federally chartered trust institution and a foreign bank, the state in which the institution maintains its principal office. See Tennessee Code 45-1-103 - Satellite office: means a facility that is operated ancillary to a home or branch office and that does not have more than one thousand (1,000) square feet of floor space nor more than four (4) teller stations. See Tennessee Code 45-3-104
- Savings and loan association: includes a building and loan association, a federal or state savings and loan association, a federal savings bank, and any other financial institution, the accounts of which are insured by the [former] federal savings and loan insurance corporation (FSLIC) or any successor [repealed] of such corporation. 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