A mutual savings and loan holding company may acquire control of a subsidiary, association, or mutual savings and loan holding company upon application to and the prior written approval of the commissioner. The application shall be in the form prescribed by the commissioner and shall contain information that enables the commissioner to determine if the acquisition is consistent with the public interest of maintaining a sound financial system.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
Part 15 - Mutual Savings and Loan Holding Company Act
§ 45-3-1503. Savings and Loan Holding Companies and Their Subsidiaries — Registration Requirements
§ 45-3-1505. Acquisitions — Application — Approval Required
§ 45-3-1506. Ownership Limitations — Statutory Compliance
§ 45-3-1507. Appointment of Personnel — Bonding Requirements