Tennessee § 45-14-114 - Void and null charters and certificates of authority.
Full text of Tennessee Tennessee Code Annotated § 45-14-114 — Void and null charters and certificates of authority., with citation guidance and answers to common questions.
§ 45-14-114. Void and null charters and certificates of authority.
Any charter issued under this chapter shall be null and void if: The institution for which the charter was issued does not commence operations within five (5) years of the date the charter was issued; provided, that the commissioner may act to extend the time to allow the commencement of operations; or An institution that is chartered and commences business ceases to conduct business and no operations or business are conducted for a period of five (5) years. Any certificate of authority issued under this chapter shall be null and void if substantially all of the assets of a savings bank are acquired without acquiring the charter. Acts 1991, ch. 177, § 16; 2001, ch. 54, § 32.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-14-114
What does Tennessee Code Annotated § 45-14-114 cover?
Section 45-14-114 ("Void and null charters and certificates of authority.") 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 § 45-14-114?
A common citation format is "Tennessee Code Annotated § 45-14-114" (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 § 45-14-114 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.