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Current as of January 01, 2020 | Updated by FindLaw Staff
Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:
(1) The filing for bankruptcy or reorganization by the licensee;
(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;
(3) The denial of the opportunity to engage in business by any state or governmental authority;
(4) Any felony indictment of the licensee or any of its officers, directors or principals;
(5) Any felony conviction of the licensee or any of its officers, directors or principals; and
(6) Other events that the commissioner may determine and identify by rule.
Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-13-108 - last updated January 01, 2020 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-13-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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