2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 3 - Savings and Loan Associations
Part 15 - Mutual Savings and Loan Holding Company Act
45-3-1506 - Ownership limitations Statutory compliance.
45-3-1506. Ownership limitations Statutory compliance.
No mutual savings and loan holding company other than a Tennessee mutual savings and loan holding company may control or own more than five percent (5%) of the voting shares or rights of any Tennessee association or Tennessee savings and loan holding company unless the mutual savings and loan holding company meets the requirements of a southern region savings and loan holding company as defined in § 45-3-1402. Any acquisition of a Tennessee association (mutual or stock) or Tennessee savings and loan mutual holding company shall be governed by and meet the requirements of part 14 of this chapter.
[Acts 1989, ch. 354, § 6.]
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