Where a resulting state bank is not to exercise trust powers, the commissioner shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging banks or the converting bank.
Tenn. Code Ann. § 45-2-1310
Resulting bank without trust powers
Acts 1969, ch. 36, § 1 (3.410); 1973, ch. 294, § 6; T.C.A., § 45-610.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.