Statutes > Tennessee Statutes > Title 45 - Banks And Financial Institutions > Chapter 8 - Small Business Investment Development > Part 2 - Business and Industrial Development Corporations > 45-8-226 - Inapplicability of § 45-8-212 to well capitalized licensee.

45-8-226 - Inapplicability of § 45-8-212 to well capitalized licensee.

45-8-226. Inapplicability of § 45-8-212 to well capitalized licensee.

The requirements of § 45-8-212 shall not be applicable to a well capitalized licensee; provided, that within thirty (30) days of ceasing to be well capitalized, a licensee must apply for commissioner approval in order to retain any business acquired without the commissioner's prior approval.

[Acts 1997, ch. 131, § 8.]