Tennessee Code Title 45. Banks and Financial Institutions § 45-12-102

(2)(A) “Control” means possession, direct or indirect, of the power to direct or cause the direction of management and policies of a person, whether through the ownership of voting securities by contract or otherwise; provided, that no individual shall be deemed to control a person solely on account of being a director, officer, or employee of the person;

(B) For purposes of this subdivision (2), a person who, directly or indirectly, owns, controls, holds the power to vote, or holds proxies representing twenty-five percent (25%) or more of the then outstanding voting securities issued by another person, is presumed to control the other person. For purposes of this subdivision (2), the commissioner may determine whether a person, in fact, controls another person;

(A) May be unsecured or secured by personal property;

(B) May be without fixed maturities or limitation as to the length of term; and

(C) Are subject to prepayment in whole or in part at any time without penalty;