{"data":{"id":"us-tn/tenn.-code-ann.-45-2-1314","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 45-2-1314","heading":"Share exchanges","body":"(a) A corporation may acquire all of the outstanding shares of one (1) or more classes or series of a bank, and a bank may acquire all of the outstanding shares of one (1) or more classes or a series of another bank or corporation, if the board of directors of each corporation or bank adopts and its shareholders, if required by § 48-21-104 , approve the exchange. The share exchange shall be subject to and in accordance with the Tennessee Business Corporation Act, compiled in title 48, chapter 21, except as chapter 21 of the Tennessee Business Corporation Act is inconsistent with this title.\n(b) Any share exchange involving a bank or a bank holding company shall be subject to any regulatory approval required by applicable law.","path":["TN Code","Title 45","Chapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"56726c186de2aaba0cecb742c0c93f21cc829f8a8a5dd71f138e129c52c87d4d","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-45-2-1313","next":"us-tn/tenn.-code-ann.-45-2-1315"},"notice":"GroundRules: Original legal text. Not legal advice."}