Acquisition of Branch by Out-of-State Bank

1. Law
2. Tennessee Code
3. Banks and Financial Institutions
4. Banking Institutions
5. Bank Holding Companies—bank Structure Act of 1974
6. Acquisition of Branch by Out-of-State Bank

1. An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch.
2. [Deleted by 2020 amendment.]
3. No bank or out-of-state bank may establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities.

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