1. (1) A state-chartered bank that intends to acquire or establish a subsidiary that will engage in activities other than those listed in Rule 0180-19-.03(1) or 0180-19-.04, or that will perform a new activity that is not listed in those rules in an existing subsidiary, shall submit an application as required by T.C.A. FOR STATE-CHARTERED BANKS AND THEIR SUBSIDIARIES §45-2-607(d) to, and receive approval from, the Department before acquiring or establishing the subsidiary or engaging in the new activity in an existing subsidiary.

Authority: Public Chapter 168, “Acts of 1989”; Section 1; T.C.A. §§45-1-107; 45-2-1601 and 45-2-1602. Administrative History: Original rule filed June 25, 1990; effective September 26, 1990. Repeal and new rule filed August 31, 1998; effective December 29, 1998.