Tenn. Comp. R. & Regs. 0180-22-.05 - SAFETY AND SOUNDNESS CONSIDERATIONS
(1) Pursuant to the
provisions of Title 45 of Tennessee Code Annotated, the Commissioner may
determine to rescind approval of any activities or transactions based upon the
safety and soundness of the particular activities and transactions and/or the
financial and managerial soundness of particular banks; provided, however, that
the Commissioner may not disapprove activities or transactions specifically
enumerated in T.C.A. Section45-2-614(e)
unless based upon the financial or
managerial soundness of particular banks.
(2) In the exercise of the Commissioner's
discretion to protect the safety and soundness of particular banks, the
Commissioner may condition approval of activities and transactions permitted by
T.C.A. Section
45-2-614(e) upon
the establishment of appropriate safeguards, procedures, agreements, or other
matters.
(3) The Commissioner from
time to time may prescribe the form(s) of notice required by T.C.A. Section
45-2-614(e) and
the type of information to be contained therein.
Notes
Authority: T.C.A. ยงยง 45-2-614(e), 45-1-107(h); Public Chapter 85, Acts of 1989.
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