Section 0180-20-.02 - DEFINITIONSFor the purposes of this rule:
(1) Affiliate means any company that directly or indirectly, through one or more intermediaries, controls or is under common control with another company.(2) Commissioner means the Commissioner of the Department of Financial Institutions.(3) Company means any corporation (other than a bank), any partnership, business trust, association, joint venture, pool syndicate, or other similar business organization.(4) Control means the power to directly or indirectly vote 25 percent or more of the voting stock of a bank or company, the ability to control in any manner the election of a majority of a bank's or company's directors or trustees, or the ability to exercise a controlling influence over the management and policies of a bank or company.(5) Costs means the average salary and actual travel expenses directly attributable to the field staff examining or investigating the financial institution and such salary and expenses of any supervisory or other staff required as a result of the findings of an examination or investigation.(6) Department means the Department of Financial Institutions.(7) Financial Institution means any institution which the commissioner by law or regulation has the authority to examine and/or supervise and any subsidiary or affiliate of such financial institution which the commissioner has reason to believe has or is about to engage in an unsafe, unsound, or illegal practice.Tenn. Comp. R. & Regs. 0180-20-.02
Original rule filed November 30, 1992; effective March 1, 1993. Amendment filed November 30, 2001; effective March 30, 2002.Authority: T.C.A. § 45-1-118; Public Chapter 628, Acts of 1992, Section 1.