All associations chartered after the effective date of the Tennessee Savings and Loan Act must comply with the minimum capital requirements as set forth therein. For those associations grandfathered by this act, for the purpose of meeting future capital requirements, the capital base will be that association's capital as of the date of insurance of accounts.
Tenn. Comp. R. & Regs. 0180-12-.02
Authority: T.C.A. §§ 45-3-102 and 45-3-111.