State Codes and Statutes
Statutes > Tennessee > Title-45 > Chapter-3 > Part-15 > 45-3-150645-3-1506. Ownership limitations Statutory compliance.
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.
[Acts 1989, ch. 354, § 6.]
