- (1) Subject to the prior written approval of the commissioner of financial institutions and to the provisions of this Chapter and to the approval of the appropriate regulatory authority of the foreign state, a state-chartered credit union may establish a branch or branches in states where reciprocal recognition and authority are given to credit unions chartered in Tennessee.
Authority: T.C.A. §§ 45-4-501 and 45-4-1001. Administrative History: Original rule filed July 24, 1984; effective October 14, 1984.