If a merging or converting bank has assets that do not conform to the requirements of state law for the resulting state bank, or carries on business activities that are not permitted for the resulting state bank, the commissioner may permit a reasonable time to conform with state law.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 2 - Banking Institutions
Part 13 - Voluntary Corporate Changes
§ 45-2-1309. Dissenting Stockholders
§ 45-2-1310. Resulting Bank Without Trust Powers
§ 45-2-1311. Nonconforming Assets or Business
§ 45-2-1315. Review of Exchange by Commissioner — Hearings — Costs