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Tennessee Code Title 45. Banks and Financial Institutions § 45-3-807

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) An association may decline to disclose its books, papers and other records, except:

(1) Pursuant to court order or subpoena;

(2) To the commissioner and any authorized examiners, attorneys, or other employees of the department;

(3) To the members of the board of directors of the association; or

(4) To the holder of a deposit account, or a member or a stockholder to the extent of records concerning the deposit holder's, member's, or stockholder's respective account only.

(b) A stockholder may make written request for access to other books, papers, and records of the association for any proper purpose, in which event the association may request a determination from the commissioner as to whether a proper purpose exists, and the determination of the commissioner shall be conclusive.

(c) A stockholder may include in the stockholder's written request that a communication be transmitted to the stockholders of the association, and upon payment of reasonable costs therefor, the association shall cause the communication to be transmitted to the stockholders immediately, subject to regulation by the commissioner.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-3-807 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-3-807/

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