CHANGE IN SUBSIDIARY OWNERSHIP

Official Compilation of the Rules and Regulations of the State of Tennessee

Section: 0180-19-.12

Jurisdiction: TN

Bluebook Citation: Tenn. Comp. R. & Regs. 0180-19-.12

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.

Authority: T.C.A. §§45-1-107; 45-2-602 and 45-2-607. Administrative History: Original rule filed August 31, 1998; effective December 29, 1998.

Chat with this regulation using AI

Ask CiteLaw's AI Navigator anything about this regulation, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.