Any charter issued under this chapter shall be null and void if an institution that is chartered and commences business ceases to conduct business and no business is conducted for a period of two (2) years. For the purposes of this section, “business” means:
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 2 - Banking Institutions
Part 2 - Organization of Banks
§ 45-2-206. Subscription Calls
§ 45-2-212. Application for Certificate of Authority — Contents
§ 45-2-214. Time for Approval or Denial of Application — Conditions for Approval
§ 45-2-217. Operation Before Receiving Certificate of Authority Prohibited
§ 45-2-219. Charter Null and Void on Ceasing Business — Definition