Tennessee § 45-2-304 - Voting trusts — Approval of commissioner.
Full text of Tennessee Tennessee Code Annotated § 45-2-304 — Voting trusts — Approval of commissioner., with citation guidance and answers to common questions.
§ 45-2-304. Voting trusts — Approval of commissioner.
No shares deposited under a voting trust agreement shall be voted by the trustees unless the agreement has been approved by the commissioner. Approval shall be withheld, or if previously granted, revoked whenever it appears that the existence of the trust would tend to reduce competition among lending institutions or to affect adversely the character or competence of the management or the bank's policies or operation procedures. Acts 1969, ch. 36, § 1 (3.314); 1973, ch. 294, § 6; T.C.A., § 45-222.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-2-304
What does Tennessee Code Annotated § 45-2-304 cover?
Section 45-2-304 ("Voting trusts — Approval of commissioner.") 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 § 45-2-304?
A common citation format is "Tennessee Code Annotated § 45-2-304" (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 § 45-2-304 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.