A depository institution that converts to a savings bank pursuant to this chapter shall have a period of time that the commissioner determines to be reasonable and prudent to conform to the requirements of this chapter and the regulations issued under this chapter, but the period shall not exceed ten (10) years from the date of conversion.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 14 - Chartering of Savings Banks
§ 45-14-102. Objective of Chapter
§ 45-14-106. Capital Requirements
§ 45-14-107. Loans to Single Borrower
§ 45-14-108. Accounting Requirements
§ 45-14-109. Membership in Federal Home Loan Bank or Federal Reserve Bank
§ 45-14-110. Conversion to Savings Bank — Compliance With Requirements of Chapter