Tenn. Code Ann. § 45-3-207: Completion of organization

Upon filing by the secretary of state, the directors elected during the period of interim organization shall proceed to:

(1) Approve and adopt the charter and bylaws;

(2) Elect officers pursuant to the bylaws;

(3) Take action necessary to effect the insurance of the deposit accounts of the association; and

(4) Take other action that may be necessary to complete the organization.