GroundRules
Tenn. Code Ann. § 45-2-1313: Merger of bank in financial difficulty
Where this section sits in the code
- TN Code
- Title 45
- Chapter 2
(a) If a bank is determined to be in financial difficulty by the appropriate regulatory officials, as defined in § 45-2-1402 , it may be merged into any other bank in this state, notwithstanding §§ 45-2-614 and 45-2-1302(a) .
(b) The merger procedure shall be the same as that procedure required for a regular merger pursuant to this part except that no notice by publication need be given.
(c) Prior to approving a merger pursuant to this section, the appropriate regulatory officials shall determine that alternative methods of protecting the depositors and stockholders of a bank in financial difficulty are not feasible.
Collected 2026-09-17T21:51:56Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Tennessee electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 76 only as a labeled supplement to the newer Open US Law rows. Source