Chapter

Part 21 State Trust Companies

Tenn. Code Ann. § 45-2-101— , 45-2-102. [Reserved.]
Tenn. Code Ann. § 45-2-103— Changes affecting bank control
Tenn. Code Ann. § 45-2-104— Equality of taxation
Tenn. Code Ann. § 45-2-105— Exemption of nonprofit general welfare corporations
Tenn. Code Ann. § 45-2-106— Provisions applicable to savings and loan associations and savings banks — Conflicting laws
Tenn. Code Ann. § 45-2-107— Acquisition, formation or control of banks and savings institutions
Tenn. Code Ann. § 45-2-201— Incorporators — Applicant requirements
Tenn. Code Ann. § 45-2-202— Notice of intention — Request for issuance of charter — Approval or nonapproval of notice of intention or request for issuance of charter and accompanying documents — Notice — Filing — Restriction on acceptance of shares of capital stock until notice of approval received
Tenn. Code Ann. § 45-2-203— Organizational expenses
Tenn. Code Ann. § 45-2-204— Application for charter — Acceptance, nonacceptance and filing of application — Notice to other banks — Formation of interim bank
Tenn. Code Ann. § 45-2-205— Examination of application for charter — Factors considered
Tenn. Code Ann. § 45-2-206— Subscription calls
Tenn. Code Ann. § 45-2-207— Capital structure
Tenn. Code Ann. § 45-2-208— Capital notes and debentures
Tenn. Code Ann. § 45-2-209— , 45-2-210. [Reserved.]
Tenn. Code Ann. § 45-2-211— Indemnification of officers, directors or employees
Tenn. Code Ann. § 45-2-212— Application for certificate of authority — Contents
Tenn. Code Ann. § 45-2-213— Return of noncomplying applications — Effect of failure to return
Tenn. Code Ann. § 45-2-214— Time for approval or denial of application — Conditions for approval
Tenn. Code Ann. § 45-2-215— Approval or denial of application — Action by commissioner — Limitation of bank or trust company to fiduciary purposes and powers
Tenn. Code Ann. § 45-2-216— Forfeiture of charter for failure to obtain certificate of authority or to commence business — Restitution of improper expenditures
Tenn. Code Ann. § 45-2-217— Operation before receiving certificate of authority prohibited
Tenn. Code Ann. § 45-2-218— Charter amendment
Tenn. Code Ann. § 45-2-219— Charter null and void on ceasing business — Definition
Tenn. Code Ann. § 45-2-220— Organization as a limited liability company — Rules and regulations — Applicability of limited liability company laws
Tenn. Code Ann. § 45-2-301— [Reserved.]
Tenn. Code Ann. § 45-2-302— Voting of shares
Tenn. Code Ann. § 45-2-303— Items allowed in the charter of a bank — Required language if bank amends its charter — Shareholder consent to release of information — No fee for approving charter amendment — Right of shareholder to be informed in writing of number of shares counted — Shareholder right to declaratory judgment regarding dispute about votes
Tenn. Code Ann. § 45-2-304— Voting trusts — Approval of commissioner
Tenn. Code Ann. § 45-2-305— Stockholders relieved of double liability
Tenn. Code Ann. § 45-2-401— Directors and officers — Qualifications of directors — Election — Terms
Tenn. Code Ann. § 45-2-402— Directors — Meetings and duties — Examinations and reviews — Fiduciary powers
Tenn. Code Ann. § 45-2-403— Fidelity bonds and other insurance — Special reserve fund
Tenn. Code Ann. § 45-2-404— Authority to declare dividends
Tenn. Code Ann. § 45-2-405— Government service
Tenn. Code Ann. § 45-2-501— Part definitions
Tenn. Code Ann. § 45-2-502— Power to subscribe to stock
Tenn. Code Ann. § 45-2-503— Powers of federal reserve bank membership
Tenn. Code Ann. § 45-2-504— Reserves of Federal Reserve Act sufficient
Tenn. Code Ann. § 45-2-505— Supervision and examinations — Disclosures to federal reserve board
Tenn. Code Ann. § 45-2-601— General powers
Tenn. Code Ann. § 45-2-602— Subsidiary corporations
Tenn. Code Ann. § 45-2-603— Emergency powers
Tenn. Code Ann. § 45-2-604— Hours of operation — Days closed — Effect on transactions
Tenn. Code Ann. § 45-2-605— Transmitting money — Dealing in foreign exchange
Tenn. Code Ann. § 45-2-606— Depositories
Tenn. Code Ann. § 45-2-607— Investments
Tenn. Code Ann. § 45-2-608— Acceptances
Tenn. Code Ann. § 45-2-609— Sale of assets in ordinary course
Tenn. Code Ann. § 45-2-610— Borrowing
Tenn. Code Ann. § 45-2-611— Pledge of assets
Tenn. Code Ann. § 45-2-612— Endorsement and signature guaranty
Tenn. Code Ann. § 45-2-613— Exchange charges
Tenn. Code Ann. § 45-2-614— Branch banking
Tenn. Code Ann. § 45-2-615— [Reserved.]
Tenn. Code Ann. § 45-2-616— Preservation of bank records
Tenn. Code Ann. § 45-2-617— [Reserved.]
Tenn. Code Ann. § 45-2-618— Notification at maturity of certificate of deposit — Requirement
Tenn. Code Ann. § 45-2-619— Definitions — Electronic cash dispensing devices
Tenn. Code Ann. § 45-2-620— Acceptance of deposits or placement in federally insured institutions — Deposits by state or other governmental entities
Tenn. Code Ann. § 45-2-701— Interest on accounts
Tenn. Code Ann. § 45-2-702— Deposit of minor
Tenn. Code Ann. § 45-2-703— Deposits in two or more names — Multiple-party deposit accounts
Tenn. Code Ann. § 45-2-704— Deposits in trust — Contracts with bank for payable-on-death accounts — Living trusts
Tenn. Code Ann. § 45-2-705— Final adjustment of statements of account
Tenn. Code Ann. § 45-2-706— Adverse claim to bank deposit
Tenn. Code Ann. § 45-2-707— Powers of attorney
Tenn. Code Ann. § 45-2-708— Payment when no executor or administrator qualifies
Tenn. Code Ann. § 45-2-709— Reserve against deposits
Tenn. Code Ann. § 45-2-710— Statute of limitations
Tenn. Code Ann. § 45-2-711— Payment and negotiation of check when no estate has been opened or the estate has been closed
Tenn. Code Ann. § 45-2-712— Acknowledgement or affidavit — Guarantee
Tenn. Code Ann. § 45-2-801— Membership in federal deposit insurance corporation authorized
Tenn. Code Ann. § 45-2-802— Appointment of federal deposit insurance corporation as receiver of state bank — Powers and duties
Tenn. Code Ann. § 45-2-803— Subrogation rights of federal deposit insurance corporation on payment of insured deposits
Tenn. Code Ann. § 45-2-804— Commissioner to furnish deposit insurance corporation copies of examinations and other information
Tenn. Code Ann. § 45-2-805— Loans to closed banks — Security — Sale of assets
Tenn. Code Ann. § 45-2-806— Depositories of public funds exempt from security requirements to extent of deposit insurance
Tenn. Code Ann. § 45-2-901— Part definitions
Tenn. Code Ann. § 45-2-902— Authority to engage in leasing safe deposit facilities — Liability of lessor
Tenn. Code Ann. § 45-2-903— Access by fiduciaries
Tenn. Code Ann. § 45-2-904— Lease to minor
Tenn. Code Ann. § 45-2-905— Death of persons having access
Tenn. Code Ann. § 45-2-906— Adverse claims to contents of safe deposit box
Tenn. Code Ann. § 45-2-907— Special remedies for nonpayment of rent
Tenn. Code Ann. § 45-2-1001— Company authorized to act as fiduciary
Tenn. Code Ann. § 45-2-1002— Fiduciary powers
Tenn. Code Ann. § 45-2-1003— Segregation and registration of fiduciary assets — Nominee
Tenn. Code Ann. § 45-2-1004— Investment in undivided interest in property
Tenn. Code Ann. § 45-2-1005— Fiduciary bond or oath excused
Tenn. Code Ann. § 45-2-1006— Deposit of securities in federal reserve bank when acting as fiduciary authorized
Tenn. Code Ann. § 45-2-1007— Deposit of securities in central depository
Tenn. Code Ann. § 45-2-1008— Transfer of fiduciary accounts — Substitute fiduciaries
Tenn. Code Ann. § 45-2-1009— Trust offices
Tenn. Code Ann. § 45-2-1010— Fiduciary activities of state trust institution
Tenn. Code Ann. § 45-2-1011— Fiduciary activities of out-of-state trust institution
Tenn. Code Ann. § 45-2-1012— State trust company principal office
Tenn. Code Ann. § 45-2-1013— Trust office
Tenn. Code Ann. § 45-2-1014— Out-of-state trust institution trust office
Tenn. Code Ann. § 45-2-1015— Name of trust institution
Tenn. Code Ann. § 45-2-1016— Designation of trustee
Tenn. Code Ann. § 45-2-1017— Choice of law governing trust and fiduciary investments
Tenn. Code Ann. § 45-2-1018— Engaging in commerce prohibited
Tenn. Code Ann. § 45-2-1019— Pledge of assets
Tenn. Code Ann. § 45-2-1020— Merger authority
Tenn. Code Ann. § 45-2-1021— Sale of assets
Tenn. Code Ann. § 45-2-1101— Loans authorized
Tenn. Code Ann. § 45-2-1102— Limit of loans to any one borrower — Classified loans
Tenn. Code Ann. § 45-2-1103— Loans to officers and directors
Tenn. Code Ann. § 45-2-1104— Loans and transactions involving banks own stock as collateral or otherwise
Tenn. Code Ann. § 45-2-1105— Participation with other lenders
Tenn. Code Ann. § 45-2-1106— Installment loans — Interest and insurance
Tenn. Code Ann. § 45-2-1107— Disclosure of terms and conditions of loan
Tenn. Code Ann. § 45-2-1108— Same power to make loans as national banks
Tenn. Code Ann. § 45-2-1201— Short title
Tenn. Code Ann. § 45-2-1202— Part definitions
Tenn. Code Ann. § 45-2-1203— Refusal or delay of financial transaction due to suspicion of financial exploitation
Tenn. Code Ann. § 45-2-1204— List of contact persons
Tenn. Code Ann. § 45-2-1205— Refusal to accept power of attorney due to suspicion of financial exploitation
Tenn. Code Ann. § 45-2-1206— Legislative intent
Tenn. Code Ann. § 45-2-1301— Part definitions
Tenn. Code Ann. § 45-2-1302— Resulting national bank
Tenn. Code Ann. § 45-2-1303— Resulting state bank
Tenn. Code Ann. § 45-2-1304— Merger procedure — Resulting state bank
Tenn. Code Ann. § 45-2-1305— Approval by stockholders of merging state banks
Tenn. Code Ann. § 45-2-1306— Effective date of merger — Certificate of merger
Tenn. Code Ann. § 45-2-1307— Conversion of national into state bank
Tenn. Code Ann. § 45-2-1308— Continuation of corporate entity — Use of old name
Tenn. Code Ann. § 45-2-1309— Dissenting stockholders
Tenn. Code Ann. § 45-2-1310— Resulting bank without trust powers
Tenn. Code Ann. § 45-2-1311— Nonconforming assets or business
Tenn. Code Ann. § 45-2-1312— [Reserved.]
Tenn. Code Ann. § 45-2-1313— Merger of bank in financial difficulty
Tenn. Code Ann. § 45-2-1314— Share exchanges
Tenn. Code Ann. § 45-2-1315— Review of exchange by commissioner — Hearings — Costs
Tenn. Code Ann. § 45-2-1401— Short title
Tenn. Code Ann. § 45-2-1402— Part definitions
Tenn. Code Ann. § 45-2-1403— Prohibition against acquiring shares of bank in operation less than three (3) years — Exceptions
Tenn. Code Ann. § 45-2-1404— Acquisition by holding company prohibited
Tenn. Code Ann. § 45-2-1405— Power of commissioner
Tenn. Code Ann. § 45-2-1406— [Reserved.]
Tenn. Code Ann. § 45-2-1407— Powers
Tenn. Code Ann. § 45-2-1408— Examinations — Periodic reports — Cooperative agreements — Assessment of fees
Tenn. Code Ann. § 45-2-1409— Notice and filing requirements
Tenn. Code Ann. § 45-2-1410— Notice of subsequent merger
Tenn. Code Ann. § 45-2-1411— Enforcement
Tenn. Code Ann. § 45-2-1412— Acquisition of branch by out-of-state bank
Tenn. Code Ann. § 45-2-1501— Voluntary liquidation and dissolution
Tenn. Code Ann. § 45-2-1502— Commissioner in possession
Tenn. Code Ann. § 45-2-1503— Requirements of reorganization plan
Tenn. Code Ann. § 45-2-1504— Liquidation by commissioner
Tenn. Code Ann. § 45-2-1505— Formation of new bank
Tenn. Code Ann. § 45-2-1601— Supervision of banks
Tenn. Code Ann. § 45-2-1602— Examination of banks
Tenn. Code Ann. § 45-2-1603— Confidentiality, disclosure and reproduction of information
Tenn. Code Ann. § 45-2-1604— Reports by banks
Tenn. Code Ann. § 45-2-1701— Unauthorized conduct of banking or fiduciary activity — Violation a criminal offense
Tenn. Code Ann. § 45-2-1702— Receiving deposit, premium payment or investment in failing financial institution
Tenn. Code Ann. § 45-2-1703— Unlawful service as officer or director — Exceptions at commissioner's discretion
Tenn. Code Ann. § 45-2-1704— Unlawful gratuity or compensation
Tenn. Code Ann. § 45-2-1705— Unlawful concealment of transactions
Tenn. Code Ann. § 45-2-1706— Improper maintenance of accounts — False or deceptive entries and statements
Tenn. Code Ann. § 45-2-1707— Payment of penalties and judgments against others
Tenn. Code Ann. § 45-2-1708— Unlawful use of term “safe deposit.”
Tenn. Code Ann. § 45-2-1709— Unlawful use of banking terms
Tenn. Code Ann. § 45-2-1710— Advance notice of bank examination
Tenn. Code Ann. § 45-2-1711— False reports
Tenn. Code Ann. § 45-2-1712— False swearing on examination by commissioner or bank examiner
Tenn. Code Ann. § 45-2-1713— Disclosing condition of bank, its depositors or debtors
Tenn. Code Ann. § 45-2-1714— Director voting to impair capital or other acts detrimental to bank
Tenn. Code Ann. § 45-2-1715— Unlawful increase of capital stock
Tenn. Code Ann. § 45-2-1716— Appropriation of property, false entries, or refusal to make reports
Tenn. Code Ann. § 45-2-1717— Criminal sanctions for violations — Reports — Confidential information
Tenn. Code Ann. § 45-2-1718— Criminal sanctions for violations
Tenn. Code Ann. § 45-2-1719— Injunction
Tenn. Code Ann. § 45-2-1720— False advertising
Tenn. Code Ann. § 45-2-1801— Legislative intent
Tenn. Code Ann. § 45-2-1802— Powers generally
Tenn. Code Ann. § 45-2-1803— Regulations — Adoption — Office of subsidiaries
Tenn. Code Ann. § 45-2-1804— Duties of commissioner
Tenn. Code Ann. § 45-2-1805— Lending limits
Tenn. Code Ann. § 45-2-1806— Investment advisors — Registration
Tenn. Code Ann. § 45-2-1807— Uninsured depository accounts
Tenn. Code Ann. § 45-2-1808— Insured and noninsured deposits and investments — Disclosures to customers
Tenn. Code Ann. § 45-2-1901— Part definitions
Tenn. Code Ann. § 45-2-1902— Organization — Filing fees — Authorized activities
Tenn. Code Ann. § 45-2-1903— Part definitions — Credit card accounts
Tenn. Code Ann. § 45-2-1904— Interest — Fees and charges
Tenn. Code Ann. § 45-2-1905— Variable interest rates
Tenn. Code Ann. § 45-2-1906— Computation of interest
Tenn. Code Ann. § 45-2-1907— Amendment of credit card agreement
Tenn. Code Ann. § 45-2-1908— Security for cardholders' obligations
Tenn. Code Ann. § 45-2-2001— Private trust company
Tenn. Code Ann. § 45-2-2002— Requirements to apply for and maintain status as a private trust company
Tenn. Code Ann. § 45-2-2003— Remedies
Tenn. Code Ann. § 45-2-2004— Conversion to public trust company
Tenn. Code Ann. § 45-2-2005— Modification or revocation of exemption — Commissioner's authority — Notice — Hearing
Tenn. Code Ann. § 45-2-2101— Parts of chapter applicable to trust companies
Tenn. Code Ann. § 45-2-2102— Organization of state trust company
Tenn. Code Ann. § 45-2-2103— Application for charter — Records check — Notifications — Withdrawal
Tenn. Code Ann. § 45-2-2104— Investigation and examination of charter applicants — Determination on application
Tenn. Code Ann. § 45-2-2105— Payment of subscriptions — Placement in escrow account — Removal of funds
Tenn. Code Ann. § 45-2-2106— Application for certificate of authority — Effect of failure to timely file or full denial — Effect of approval
Tenn. Code Ann. § 45-2-2107— Adequate capital structure — Factors considered
Tenn. Code Ann. § 45-2-2108— Board of directors — Membership — Meetings — Chief executive officer — Fidelity bond and insurance — Audited financial statement
Tenn. Code Ann. § 45-2-2109— Change of control in or of controlling person of state trust company