Rules & Regulations of the State of Tennessee
Title 0180 - Financial Institutions
Chapter 0180-19 - Rules Pertaining to Securities Activities of State-Chartered Banks
Section 0180-19-.12 - CHANGE IN SUBSIDIARY OWNERSHIP
Universal Citation: TN Comp Rules and Regs 0180-19-.12
Current through April 3, 2024
If the bank's ownership interest in a subsidiary declines to fifty percent (50%) or less, then the bank shall file an application in accordance with Rule 0180-19-.09 and approval of any such change would be subject to the conditions contained in Rule 0180-19-.09.
Authority: T.C.A. §§ 45-1-107; 45-2-602 and 45-2-607.
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