Tennessee · Tennessee Code — full code (public domain; via Open US Law, CC BY 4.0)
Tenn. Code § 45-2-1502: Tenn. Code Ann. § 45-2-1502
What this law says, in plain English
A banking commissioner may take control of a state bank after a hearing if the bank's capital is impaired, operations are unlawful or unsound, or normal business cannot continue. The commissioner gains full management power and may liquidate, reorganize, or restore the bank.
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