The requirements of § 45-8-212 shall not be applicable to a well capitalized licensee; provided, that within thirty (30) days of ceasing to be well capitalized, a licensee must apply for commissioner approval in order to retain any business acquired without the commissioner's prior approval.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 8 - Small Business Investment Development
Part 2 - Business and Industrial Development Corporations
§ 45-8-204. Relation to Other Acts
§ 45-8-224. Report of Criminal Violations
§ 45-8-225. Report of Accomplishments
§ 45-8-226. Inapplicability of § 45-8-212 to Well Capitalized Licensee