(a) Each state trust company must have and continuously maintain a principal office in this state.

Terms Used In Tennessee Code 45-2-1012

  • Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • State trust company: means a corporation or limited liability company organized or reorganized under the Tennessee Banking Act, compiled in this chapter and chapter 2 of this title, whose purposes and powers are limited to fiduciary purposes and power, including a trust company previously organized under the laws of this state. See Tennessee Code 45-1-103
  • Trust company: means a state trust company or any other company chartered to act as a fiduciary that is neither a depository institution nor a foreign bank. See Tennessee Code 45-1-103
(b) A state trust company shall apply to the commissioner to change its location or the location of any of its offices pursuant to § 45-2-218.