Tennessee § 45-2-219 - Charter null and void on ceasing business — Definition.

Full text of Tennessee Tennessee Code Annotated § 45-2-219 — Charter null and void on ceasing business — Definition., with citation guidance and answers to common questions.

§ 45-2-219. Charter null and void on ceasing business — Definition.

Any charter issued under this chapter shall be null and void if an institution that is chartered and commences business ceases to conduct business and no business is conducted for a period of two (2) years. For the purposes of this section, “business” means: Receiving deposits, paying out money on checks and making loans; or Acting as a fiduciary for the purposes of a trust company. Acts 1999, ch. 112, § 5.

Source: official Tennessee text · Last verified 2026-08-27

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Frequently Asked Questions About Tennessee § 45-2-219

What does Tennessee Code Annotated § 45-2-219 cover?

Section 45-2-219 ("Charter null and void on ceasing business — Definition.") 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 § 45-2-219?

A common citation format is "Tennessee Code Annotated § 45-2-219" (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 § 45-2-219 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.