Completion of Organization

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Savings and Loan Associations
  5. Organization
  6. Completion of Organization

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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.


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