Organization as a Limited Liability Company — Rules and Regulations — Applicability of Limited Liability Company Laws

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Banking Institutions
  5. Organization of Banks
  6. Organization as a Limited Liability Company — Rules and Regulations — Applicability of Limited Liability Company Laws

Checkout our iOS App for a better way to browser and research.

  1. Subject to the requirements and restrictions of this chapter, including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to title 48, chapters 201-249.
  2. The department shall have the authority to promulgate rules and regulations specifying the conditions under which a bank or trust company may organize as a limited liability company.
  3. To the extent title 48, chapters 201-249 is consistent with and not in conflict with this chapter and the rules and regulations of the department, title 48, chapters 201-249 shall apply to a bank or trust company that has organized as a limited liability company.


Download our app to see the most-to-date content.