Tenn. Comp. R. & Regs. 0180-19-.12

Current through January 8, 2025

Section 0180-19-.12 - CHANGE IN SUBSIDIARY OWNERSHIP

If the bank's ownership interest in a subsidiary declines to fifty percent (50%) or less, then the bank shall file an application in accordance with Rule 0180-19-.09 and approval of any such change would be subject to the conditions contained in Rule 0180-19-.09.

Tenn. Comp. R. & Regs. 0180-19-.12

Original rule filed August 31, 1998; effective December 29, 1998.

Authority: T.C.A. §§ 45-1-107; 45-2-602 and 45-2-607.