Tennessee § 45-3-801 - Supervision of associations.
Full text of Tennessee Tennessee Code Annotated § 45-3-801 — Supervision of associations., with citation guidance and answers to common questions.
§ 45-3-801. Supervision of associations.
Every person doing a savings and loan business under the laws of this state shall be subject to supervision by the commissioner and the regulations promulgated by the commissioner. However, any regulation promulgated by the commissioner that has not been revised or amended in more than five (5) years may be waived by the commissioner, in the commissioner's discretion, as the commissioner deems necessary or appropriate to maintain a competitive balance among state chartered savings and loan associations, state chartered savings banks, federally chartered savings and loan associations and federally chartered savings banks. Acts 1978, ch. 708, § 3.01; T.C.A., § 45-1508; Acts 1996, ch. 768, § 27. Compiler's Notes. Former §§ 45-3-801 — 45-3-819 (Acts 1974, ch. 698, §§ 18-36; 1977, ch. 113, § 1) concerning taxation and regulation of savings and loan associations, were repealed by Acts 1978, ch. 708, § 6.01 and the present provisions substituted therefor. For transfer of functions under this chapter from the department of commerce and insurance to the department of financial institutions, see Executive Order No. 38 (February 11, 1983). Acts 1996, ch. 768, which amended this section, is known and may be cited as the Bank Reform Act of 1996. Cross-References. Conversion of financial institutions, title 45, ch. 11. Negotiable instruments, title 47, ch. 3. Textbooks. Tennessee Jurisprudence, 22 Tenn. Juris., Savings and Loan Associations, § 5.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-3-801
What does Tennessee Code Annotated § 45-3-801 cover?
Section 45-3-801 ("Supervision of associations.") 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 § 45-3-801?
A common citation format is "Tennessee Code Annotated § 45-3-801" (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 § 45-3-801 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.