§ 45-1-113. Office Facilities
The governor shall assign to the commissioner a suitable room or rooms for conducting the business of the department, and this department shall be furnished with the necessary furniture, stationery, lights, and other proper conveniences and clerical assistants in the same manner as is furnished to other state departments.
§ 45-1-114. Removal of Commissioner From Office — Causes — Procedure
The commissioner may be removed from office for neglect of duty, malfeasance, misfeasance, extortion or corruption in office, incompetency, or intemperance in the use of intoxicating liquors or narcotics to such an extent, in view of the dignity of the office and the importance of its duties, as to render the commissioner unfit for the […]
§ 45-1-101. Short Title
This chapter and chapter 2 of this title shall be known and may be cited as the “Tennessee Banking Act.”
§ 45-1-102. Purpose — Standards for Exercise of Authority by Commissioner — Rules of Construction
It is the underlying purpose of this chapter and chapter 2 of this title to provide the citizens of Tennessee with a sound system of state chartered banks by providing for and encouraging the development of the banks while restricting their activities to the extent necessary to safeguard the interests of depositors. This underlying purpose […]
§ 45-1-103. General Definitions
As used in this chapter and chapter 2 of this title, unless the context otherwise requires: “Act as a fiduciary” or “acting as a fiduciary” means to act in the capacity of a fiduciary as defined in § 35-2-102; “Action,” in the sense of a judicial proceeding, includes recoupment, counterclaim, setoff, suit in equity and […]
§ 45-1-104. Department to Execute Laws
The department, created by § 4-3-101, is charged with the execution of all laws relative to persons doing or engaged in a banking or other business as provided in this title, except for pawnbrokers covered by chapter 6 of this title.
§ 45-1-105. Commissioner, Deputy and Assistant Commissioners — Qualifications — Vacancy
The department will have as its chief executive officer a commissioner who will be appointed by the governor as commissioner of financial institutions, and who shall have the same official status as all other commissioners. The commissioner shall hold office for the term of office of the governor except the commissioner may be removed from […]
§ 45-1-106. Salary of Commissioner
The commissioner shall receive an annual salary as provided in § 8-23-101, to be paid monthly in the same manner as the salaries of other state officers are paid.