Any industrial loan and thrift company holding a certificate of registration under this chapter may convert to an industrial bank or to an industrial investment company by meeting the qualifications for operating as an industrial bank or industrial investment company as provided in this chapter. The commissioner shall provide forms for applications for conversion and may adopt rules governing conversion.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 5 - Industrial Loan and Thrift Companies
Part 6 - Industrial Banks and Industrial Investment Companies
§ 45-5-601. Supervision and Examination
§ 45-5-602. Liquidation, Dissolution, and Reorganization of Industrial Banks
§ 45-5-604. Insurance of Thrift Certificates
§ 45-5-605. Issuance of Thrift Certificates
§ 45-5-606. Rules Concerning Investment and Thrift Certificates
§ 45-5-607. Applicability of Laws Pertaining to Banks
§ 45-5-608. Conversion of Industrial Loan and Thrift Companies
§ 45-5-610. Conversion of Investment Certificates to Thrift Certificates