Tennessee Code 45-3-115 – Change of office or name

No association shall, without the prior approval of the commissioner:

(1) Establish any branch or satellite office other than the home office stated in its charter;

Association: means a capital stock or mutual savings and loan association. See Tennessee Code 45-3-104
Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-3-104
Home: means a structure designed for residential use by not more than four (4) families or a single condominium unit, including common elements pertinent thereto, designed for residential use by one (1) family in a multiple dwelling unit structure or complex, and includes fixtures. See Tennessee Code 45-3-104
Satellite office: means a facility that is operated ancillary to a home or branch office and that does not have more than one thousand (1,000) square feet of floor space nor more than four (4) teller stations. See Tennessee Code 45-3-104

(2) Move any home, branch, or satellite office of the association from its immediate vicinity; or

(3) Change the name of any association.

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