An association, in one (1) transaction not in the ordinary course of its business, may sell all or substantially all of its assets, with or without its name and good will, to another association or to a federal association, in consideration of money, stock, or obligations of the purchasing association.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
Part 11 - Voluntary Corporate Changes
§ 45-3-1101. Amendment of Charters
§ 45-3-1104. Procedure to Effect Sale of Assets
§ 45-3-1105. Conversion of State Mutual or Federal Association to State Capital Stock Association