It is a criminal offense against this chapter and chapter 1 of this title for a state bank to perform any act other than to perfect its organization, obtain and equip a place of business and otherwise prepare to do business before receiving a certificate of authority to operate.
Tenn. Code Ann. § 45-2-217
Operation before receiving certificate of authority prohibited
Acts 1969, ch. 36, § 1 (3.312); T.C.A., § 45-217.
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.