Will statement: I nominate, constitute and appoint my son,
[Person-7] as Executor of my Last Will and
Testament. If my son should not qualify or complete the
administration of my estate, I appoint [Person-4], my
grandson, as Alternate Executor of this my Last Will and
Testament. In the event the law in the state wherein this Last
Will and Testament is offered for probate requires that a
resident of that state serve with my named Alternate Executor andmy named Alternate Executor is not a resident of that state, then
and in that event, I leave the choice of the person to serve with
my named Alternate Executor in his sole and exclusive discretion.
I specifically excuse my named Executor or
Alternate Executor, or any person whom he may choose to serve
with him, from the necessity of filing any bond, inventory or
accounting in this or any other jurisdiction. I specifically
give my named Executor, Alternate Executor, or any person whom he
may choose to serve with him, full power, in his sole discretion,
to do all things necessary for the complete administration of my
estate, including but not limited to, the power to sell at public
or private sale, and without the order of any Court, any real or
personal property belonging to my estate, as well as to mortgage,
lease, or give a security interest therein, and to compound,
compromise and otherwise to settle or adjust any and all claims,
charges, debts and demands, whatsoever, against or in favor of my
estate, as fully as I could do if living. I specifically grant
to my Executor, Alternate Executor, or any other person whom he
may choose to serve with him, the power to execute bills of sale
and deeds of conveyance, if necessary.
I specifically authorize my Executor, Alternate
Executor, or any person whom he may choose to serve with him, in
the exercise of reasonable discretion, with respect to all
property, real, personal or mixed, at any time forming part of my
estate, to exercise any and all powers set forth at Tennessee
Code Annotated,  35-50-110, to the extent applicable, all of
which provisions and powers are incorporated herein by reference
as if fully copied herein verbatim.
Conditions: Both the Executor and Alternate executor, subsequent the execution of this Will, were sentenced to serve time in a penitentiay.
Statute: 45-2-201. Incorporators — Applicant requirements.
(a) A corporation seeking to conduct a banking business in Tennessee may be organized by five (5) or more incorporators, a majority of whom shall be residents of this state. The incorporators shall complete the process provided in this part and as outlined in subsection (c).
(b) Each incorporator shall subscribe and pay in full, in cash, for common stock in a minimum amount as determined by the commissioner.
(c) In order to provide for the organization of the business authorized to conduct banking business in Tennessee, applicants shall complete the following:
(1) Submit a notice of intention and request for issuance of a charter for a corporation seeking to conduct banking business in Tennessee to be filed with the secretary of state as provided in § 45-2-202;
(2) Submit and complete an application for charter, as provided in § 45-2-204; and
(3) Submit and complete an application for certificate of authority, as provided in § 45-2-212.
(d) For purposes of this part, a bank may be organized as a corporation as provided in title 48, chapters 11-27 or as a limited liability company as provided in title 48, chapters 201-249 and as outlined in § 45-2-220.
Label: 2