Application Procedure For Amendment Of Charter

(1) In accordance with T.C.A. §45-2-218, a state bank shall apply to the Commissioner to amend its charter. The applicant bank shall file the original and two (2) copies of the proposed amendment with the Commissioner for certification. If shareholder approval is required by T.C.A. §45-2-218, certified minutes of the shareholders meeting evidencing approval of the amendment should be submitted with the application. The applicant shall also submit a check payable to the Secretary of State for the required filing fee. (2) The Commissioner shall make his determination on the application pursuant to T.C.A. § 45-2-218. If he approves the charter amendment, he shall forward the amendment to the Secretary of State for filing. If he disapproves the amendment, he shall give written notice thereof to the applicant bank.