All associations subject to this chapter and all federal associations, the directors, officers, agents, or employees of the associations, deposit accounts and capital stock of the associations and the sale, issuance, or offering for sale of deposit accounts and capital stock of the associations are exempted from all provisions of law of this state, other than this chapter, that provide for supervision, registration, or regulation in connection with the sale, issuance, or offering for sale of securities, and the sale, issuance, or offering for sale of the accounts or stock shall not require any action or approval whatsoever by any official authorized to license, regulate, or supervise the sale, issuance, or offering for sale of securities.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
§ 45-3-103. Application of General Corporation Law and the Uniform Administration Procedures Act
§ 45-3-105. Powers of Associations Generally
§ 45-3-110. Capital Stock Associations — Issuance of Capital Stock
§ 45-3-115. Change of Office or Name
§ 45-3-116. Exemption From Securities Laws
§ 45-3-117. Acknowledgments by Stockholders, Members, and Employees
§ 45-3-118. References to “Building and Loan association.”
§ 45-3-119. References to Federal Savings and Loan Associations