Tennessee § 45-2-214 - Time for approval or denial of application — Conditions for approval.
Full text of Tennessee Tennessee Code Annotated § 45-2-214 — Time for approval or denial of application — Conditions for approval., with citation guidance and answers to common questions.
§ 45-2-214. Time for approval or denial of application — Conditions for approval.
The commissioner shall approve or deny the application for a certificate of authority within thirty (30) days after the application has been filed. The commissioner shall approve the application if: The capital and surplus have been fully paid in cash; Appropriate bylaws have been adopted; Any conditions imposed by the commissioner in granting the charter have been fulfilled; The requirements of this chapter and chapter 1 of this title have been satisfied; and An amount of fidelity bond coverages satisfactory to the commissioner is in force. Acts 1969, ch. 36, § 1 (3.312); 1973, ch. 294, § 6; T.C.A., § 45-214; Acts 1996, ch. 768, § 13. Compiler's Notes. Acts 1996, ch. 768, which amended this section, is known and may be cited as the Bank Reform Act of 1996. Textbooks. Tennessee Jurisprudence, 5 Tenn. Juris., Banks and Banking, § 5.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-2-214
What does Tennessee Code Annotated § 45-2-214 cover?
Section 45-2-214 ("Time for approval or denial of application — Conditions for approval.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-2-214?
A common citation format is "Tennessee Code Annotated § 45-2-214" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-2-214 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.