Any state capital stock association or any federal association, if otherwise permitted by federal law and regulations, may become a state mutual association by following the procedures set forth in § 45-3-1105 and any rules and regulations promulgated by the commissioner.
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