§ 45-3-107. Corporate form required -- Capital stock and mutual associations authorized.

TN Code § 45-3-107 (2019) (N/A)
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(a) No person, except a corporation chartered by the state of Tennessee or a federally chartered association, shall engage in the business of a savings and loan association in this state.

(b) The charter of an association may provide for the issuance of capital stock or for the organization of the association as a mutual association.