Corporate Form Required — Capital Stock and Mutual Associations Authorized

1. Law
2. Tennessee Code
3. Banks and Financial Institutions
4. Savings and Loan Associations
5. General Provisions
6. Corporate Form Required — Capital Stock and Mutual Associations Authorized

1. No person, except a corporation chartered by the state of Tennessee or a federally chartered association, shall engage in the business of a savings and loan association in this state.
2. The charter of an association may provide for the issuance of capital stock or for the organization of the association as a mutual association.

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