Whenever a violation of any provision of this chapter by any association or any director, officer, agent, or employee of the association is threatened or impending such that immediate and substantial injury to the association or to its depositors or stockholders will ensue, a court of competent jurisdiction shall, upon suit of the commissioner, issue an injunction restraining the violation.
Tenn. Code Ann. § 45-3-1314
Injunction
Known as the Tennessee Savings and Loan Act
The act spans §§ 45-3-1001 to 45-3-901 (137 sections).
Acts 1978, ch. 708, § 5.18; T.C.A., § 45-1718.
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.