Tenn. Comp. R. & Regs. 0180-15-.04 - NOTICES

(1) Any out-of-state holding company, a Tennessee holding company, or out-of-state or in-state financial institution, seeking to acquire, directly or indirectly, a Tennessee state-chartered financial institution shall publish notice of such acquisition if the Tennessee state-chartered institution will remain a Tennessee state-chartered institution immediately after the acquisition. The notice shall be published one time in a newspaper of general circulation in each county in which the acquiring institution and the Tennessee state-chartered financial institution have their main office, commencing the week the application is accepted by the commissioner as officially filed.

(2) The notice, proof of which shall be submitted to the commissioner, shall specify;

(a) the name of the acquirer and the entity being acquired;

(b) a brief description of the transaction; and

(c) the following statement:

"Any person wishing to comment on this application may file comments in writing with the Commissioner of Financial Institution, 414 Union Street, Suite 1000, Nashville, TN 37219. Anyone desiring to protest this application may do so if such protest is filed in writing within fifteen (15) days of this publication."

Notes

Tenn. Comp. R. & Regs. 0180-15-.04

Original rule filed November 25, 1975; effective December 27, 1975. Amendment filed February 17, 1984; effective May 15, 1984. Repeal and new rule filed December 31, 1996; effective April 30, 1997. Amendment filed January 21, 1998; effective May 29, 1998.

Authority: T.C.A. §§ 45-1-107, 45-2-1405, 45-3-801, and 45-14-113.