2019 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
Part 1 - General Provisions
§ 45-3-107. Corporate form required -- Capital stock and mutual associations authorized.

Universal Citation: TN Code § 45-3-107 (2019)
  • (a) No person, except a corporation chartered by the state of Tennessee or a federally chartered association, shall engage in the business of a savings and loan association in this state.

  • (b) The charter of an association may provide for the issuance of capital stock or for the organization of the association as a mutual association.

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