Tennessee § 45-2-1314 - Share exchanges.
Full text of Tennessee Tennessee Code Annotated § 45-2-1314 — Share exchanges., with citation guidance and answers to common questions.
§ 45-2-1314. Share exchanges.
A corporation may acquire all of the outstanding shares of one (1) or more classes or series of a bank, and a bank may acquire all of the outstanding shares of one (1) or more classes or a series of another bank or corporation, if the board of directors of each corporation or bank adopts and its shareholders, if required by § 48-21-104, approve the exchange. The share exchange shall be subject to and in accordance with the Tennessee Business Corporation Act, compiled in title 48, chapter 21, except as chapter 21 of the Tennessee Business Corporation Act is inconsistent with this title. Any share exchange involving a bank or a bank holding company shall be subject to any regulatory approval required by applicable law. Acts 1994, ch. 551, § 16.
Frequently Asked Questions About Tennessee § 45-2-1314
What does Tennessee Code Annotated § 45-2-1314 cover?
Section 45-2-1314 ("Share exchanges.") 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 § 45-2-1314?
A common citation format is "Tennessee Code Annotated § 45-2-1314" (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 § 45-2-1314 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.