No mutual savings and loan holding company other than a Tennessee mutual savings and loan holding company may control or own more than five percent (5%) of the voting shares or rights of any Tennessee association or Tennessee savings and loan holding company unless the mutual savings and loan holding company meets the requirements of a southern region savings and loan holding company as defined in § 45-3-1402. Any acquisition of a Tennessee association (mutual or stock) or Tennessee savings and loan mutual holding company shall be governed by and meet the requirements of part 14 of this chapter.
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