Tennessee § 45-11-107 - Effective date of conversion — Certificate of conversion.
Full text of Tennessee Tennessee Code Annotated § 45-11-107 — Effective date of conversion — Certificate of conversion., with citation guidance and answers to common questions.
§ 45-11-107. Effective date of conversion — Certificate of conversion.
The conversion shall, unless a later date is specified in the plan of conversion, become effective upon the filing with the commissioner of the executed plan of conversion, together with a copy of the resolution of the stockholders or members of the converting financial institution approving it, certified by the financial institution's president or a vice president and a cashier. The commissioner shall thereupon approve the proposed charter of the resulting financial institution for filing with the secretary of state and issue to the resulting financial institution a certificate of conversion. The certificate of conversion shall be issued after the following conditions have been met: Provisions of the plan of conversion for successors to fiduciary positions held by the converting institution have been implemented; and A commitment for federal deposit insurance effective as of the proposed effective date of conversion has been received. The certificate shall be conclusive evidence of the conversion and correctness of all proceedings therefor in all courts and places, and shall be recorded in the same manner as is provided for recording of a charter of the institution. Acts 1985, ch. 174, § 2; 2008, ch. 968, § 6.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-11-107
What does Tennessee Code Annotated § 45-11-107 cover?
Section 45-11-107 ("Effective date of conversion — Certificate of conversion.") 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 § 45-11-107?
A common citation format is "Tennessee Code Annotated § 45-11-107" (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 § 45-11-107 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.