Acquisition of branch by out-of-state bank

(a) An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch. (b) [Deleted by 2020 amendment.] (c) No bank or out-of-state bank may establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities. Amended by 2020 Tenn. Acts, ch. 605, s 2, eff. 3/20/2020. Acts 1998, ch. 742, § 2; 2001, ch. 140, § 2; 2007 , ch. 5, § 3. (a) An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch. (b) [Deleted by 2020 amendment.] (c) No bank or out-of-state bank may establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities. Amended by 2020 Tenn. Acts, ch. 605, s 2, eff. 3/20/2020. Acts 1998, ch. 742, § 2; 2001, ch. 140, § 2; 2007 , ch. 5, § 3.