reglab/housing_qa huggingface dataset:
TN Code § 45-2-1503 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 15 - Liquidation, Dissolution, and Reorganization|§ 45-2-1503. Requirements of Reorganization Plan

  A plan of reorganization shall not be prescribed under this chapter unless:  The plan is feasible and fair to all classes of depositors, creditors and stockholders;   The face amount of the interest accorded to any class of depositors, creditors or stockholders under the plan does not exceed the value of the assets upon liquidation, less the full amount of the claims of all prior classes, subject, however, to any fair adjustment for new capital that any class will pay in under the plan;   The plan provides for the issuance of common stock in an amount that will provide an adequate ratio to deposits;   Any exchange of new common stock for obligations or stock of the bank will be effected in inverse order to the priorities in liquidation of the classes that will retain an interest in the bank and upon terms that fairly adjust any change in the relative interest of the respective classes that will be produced by the exchange;   The plan assures the removal of any director, officer or employee responsible for any unsound or unlawful action or the existence of an unsound condition; and   Any merger or consolidation provided by the plan conforms to the requirements this chapter and chapter 1 of this title.     Whenever, in the course of reorganization, supervening conditions render the plan unfair or its execution impractical, the commissioner may modify the plan or liquidate the institution. The action shall be taken by order upon appropriate notice.
TN Code § 45-2-1505 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 15 - Liquidation, Dissolution, and Reorganization|§ 45-2-1505. Formation of New Bank

  Upon application of either five (5) individual incorporators or a bank holding company domiciled in this state, the commissioner may grant a charter and may issue a certificate of authority to the incorporators if the commissioner finds that the immediate formation of a new state bank will protect the depositors of a state bank closed in accordance with § 45-2-1502.   The requirements contained in this chapter pertaining to the formation and operation of a state bank shall not be applicable for a period of one (1) year after formation of a new state bank hereunder, unless the commissioner determines that the requirements are necessary to the operation of the new state bank.   None of the restrictions contained in the Bank Structure Act of 1974, compiled in part 14 of this chapter, or as the same may be hereafter amended, shall apply to the formation of the new state bank.   The new state bank may acquire all or any part of the assets or deposits of a closed bank in accordance with  this chapter.
TN Code § 45-2-1601 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 16 - Examination and Reports|§ 45-2-1601. Supervision of Banks

  Every person doing a banking business under the laws of this state shall be subject to supervision and regulation by the commissioner.   In addition to other powers conferred by Chapters 1 9 of this title, the commissioner has the power to require banks subject to the commissioner's supervision to:  Maintain their accounts and to value their assets in accordance with generally accepted principles of accounting;   Charge off the whole or part of an asset that at the time of its acquisition could not lawfully have been acquired and that could not lawfully be retained at the time of the commissioner's action; provided, that the commissioner's action is within two (2) years of the aforementioned acquisition;   Record liens and security in property or, at the option of the bank, insure against losses from not recording;   Obtain a financial statement from a borrower to the extent that the bank can do so;   Search, or obtain insurance of, the title to real estate taken as security; and   Maintain adequate insurance against the risks that the commissioner determines are necessary and appropriate for the protection of depositors.     No person shall be subjected to any civil or criminal liability for any act or omission to act in good faith in reliance upon a subsisting order, regulation or interpretation of the commissioner, notwithstanding a subsequent decision by a court invalidating the order, regulation or interpretation.
TN Code § 45-2-1604 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 16 - Examination and Reports|§ 45-2-1604. Reports by Banks

  All banks shall make to the commissioner, on the call of the commissioner for the reports, at least two (2) reports during each year according to the form, including electronic transmission, that may be prescribed by the commissioner. The report must be verified by the oath or affirmation of the executive officers or agents thereof, and in the case of a corporation, by the president or cashier or secretary, and must be attested by the signature of at least three (3) directors of the corporation. The commissioner shall make one (1) of the calls in the first one-half (½) of the year and another in the latter one-half (½) of the year.   Each report shall exhibit in detail and under appropriate heads the resources and liabilities of each bank at the close of business on any past day specified by the commissioner. The day for reports shall be uniform throughout the state, and shall be transmitted by the bank to the commissioner within the period the commissioner prescribes, but in no instance less than five (5) days after receipt of a request or requisition thereof from the commissioner. Instead of the report required under this subsection (b), the commissioner may accept a copy of a call report required by federal regulatory agencies or deems the filing of the report, electronic or otherwise, as required by federal regulatory agencies to constitute compliance with this section.   The commissioner may call for a special report from any particular bank whenever, in the commissioner's judgment, the same is necessary or deemed necessary for the protection of the public or for a full and complete knowledge of the condition of the bank by the commissioner. Special reports called for shall be made in all particulars as required in subsections (a) and (b); provided, that a bank is not required to publish a copy of a special report in a newspaper.
TN Code § 45-2-1701 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1701. Unauthorized Conduct of Banking or Fiduciary Activity — Violation a Criminal Offense

  It is unlawful for any person not so authorized to carry on a banking business under this chapter and chapter 1 of this title, falsely and with intent to defraud, to act as a bank, or to represent that the person is or is acting for a bank, or to use an artificial or corporate name that is the name of a bank. The right to receive money on deposit and the right to pay out money on checks are declared to be the exclusive privileges of the banking business.   No trust company hereafter may be incorporated or be qualified to act as a fiduciary unless it is incorporated under this chapter and chapter 1 of this title, or the laws governing national banking associations. The foregoing, however, shall not be deemed to restrict the activity of a foreign bank or trust company acting as a trustee under  § 35-50-107; nor shall it be deemed to restrict the fiduciary activity of any other class of regulated financial institutions that may now have, or hereafter acquire, fiduciary powers; provided, that nothing herein shall be construed to increase the powers of other classes of regulated financial institutions.   A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1702 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1702. Receiving Deposit, Premium Payment or Investment in Failing Financial Institution

  A person directing or participating in the direction of a financial institution commits an offense who receives or permits the receipt of a deposit, premium payment or investment in the institution knowing that, due to the financial condition of the institution:  It is or will be unable to make payment of the deposit on demand, if it is a deposit ordinarily payable on demand; or   It is about to suspend operations or go into receivership.     It is a defense to prosecution under this section that the person making the deposit, premium payment or investment was adequately informed of the financial condition of the institution.   An offense under this section is a Class E felony.
TN Code § 45-2-1703 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1703. Unlawful Service as Officer or Director — Exceptions at Commissioner's Discretion

  It is unlawful for any person to serve as an officer or director of a bank who:  Has been convicted of an offense constituting, in the jurisdiction in which the judgment was rendered, a felony involving a violation of banking laws, fraud, embezzlement, or breach of trust;   Would be disqualified by federal law from serving as a director or officer of a federally chartered bank; or   Is indebted to the bank for more than thirty (30) days upon judgment that has become final.     Notwithstanding subsection (a), the commissioner shall have the discretion to approve the application of any person to become a director or officer of a bank chartered under Tennessee law, if the commissioner finds the person has demonstrated fitness to participate in the conduct of the affairs of the bank through evidence of the person's rehabilitation, including, but not limited to, the person's reputation since the person's conviction, the person's age at the time of conviction, and the time that has elapsed since the conviction and other factors as the commissioner determines.
TN Code § 45-2-1704 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1704. Unlawful Gratuity or Compensation

  It is unlawful for an affiliate of a bank or for an officer, director or employee of a bank or affiliate of a bank to willfully and knowingly and without authority from the board of directors or governing body of the bank or two (2) or more of the active managing officers of the bank to receive, consent to receive, or agree to receive, any commission, emolument, gratuity or reward, or any promise of any commission, emolument, reward, property or thing of value or of personal advantage for procuring, or endeavoring to procure, for any person any loan from, or the purchase or discount of, any paper, note, draft, check or bill of exchange by the bank.   As used in this section, “affiliate” includes:  Any person who holds a majority of the stock of a bank, any other corporation in which the person owns a majority of the stock and any partnership in which the person has an interest;   Any corporation in which the bank or an officer, director, or employee thereof holds a majority of the stock and any partnership in which the person has an interest; and   Any corporation of which a majority of the directors are officers, directors, or employees of the bank or of which officers, directors, trustees or employees constitute a majority of the directors of the bank.     A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1705 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1705. Unlawful Concealment of Transactions

  It is unlawful for an officer, director, or employee of a bank to conceal or endeavor to conceal any transaction of the bank from any officer, director or employee of the bank or any official or employee of the department to whom it should properly be disclosed.   A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1706 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1706. Improper Maintenance of Accounts — False or Deceptive Entries and Statements

  It is unlawful for an officer, director, employee or agent of a bank to:  Maintain or authorize the maintenance of any account of the bank in a manner that, to the person's knowledge, does not conform to the requirements prescribed by this chapter and chapter 1 of this title or by the commissioner;   Make any false or misleading statement or entry or omit any statement or entry that should be made in any book, account, report or statement of the institution, with intent to deceive; or   Obstruct or endeavor to obstruct a lawful examination of the institution by an officer or employee of the department.     A violation of this section is a Class B misdemeanor.
TN Code § 45-2-1707 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1707. Payment of Penalties and Judgments Against Others

  It is unlawful for a state bank to pay a fine or penalty imposed by law upon any other person or any judgment against the person or to reimburse directly, or indirectly, any person by whom the fine, penalty or judgment has been paid, except in settlement of its own liability or in connection with the acquisition of property against which the judgment is a lien, or as provided in § 45-2-211.   A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1708 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1708. Unlawful Use of Term “Safe deposit.”

  It is unlawful for any person to use the terms “safe deposit,” “safety deposit,” or other words deceptively similar, in connection with the rental of storage space, or in the title or name under that business is done, except:  A person subject to the jurisdiction of the department;   A manufacturer or dealer in safe deposit facilities or equipment; or   An association, the membership of which is composed of officers or institutions subject to regulation under this chapter and chapter 1 of this title, or the laws of the United States or any state.     A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1710 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1710. Advance Notice of Bank Examination

  If the department notifies a bank of an examination, a department employee who, before the notification of the visitation, gives notice or information to any officer or agent or employee of a bank as to when a bank will be visited for examination commits a criminal offense.   If the department does not notify a bank of an examination, a department employee who, before a visitation, gives notice or information to any officer or agent or employee of a bank as to when a bank will be visited for examination commits a criminal offense.   A violation of this section is a Class C misdemeanor.
TN Code § 45-2-1711 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1711. False Reports

 Any employee of the department who makes a report on oath, as to the result of any examination made by the employee, that is knowingly and willfully false, commits a Class C misdemeanor.
TN Code § 45-2-1712 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1712. False Swearing on Examination by Commissioner or Bank Examiner

 Any person who willfully and corruptly swears or affirms falsely when being examined under oath by any bank examiner or the commissioner in regard to any material matter or thing commits a Class C misdemeanor.
TN Code § 45-2-1713 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1713. Disclosing Condition of Bank, Its Depositors or Debtors

 Any bank examiner or commissioner who knowingly and willfully discloses the condition and affairs of any bank ascertained by an examination as examiner of the bank, or who knowingly and willfully, except to the extent as authorized by this chapter and chapter 1 of this title, reports or gives information as to who are depositors or debtors of a bank where the information is obtained as examiner of the bank, commits a Class C misdemeanor and shall be removed from office; and the fact of the disclosure shall be prima facie evidence that the information was obtained by virtue of the person's office.
TN Code § 45-2-1714 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1714. Director Voting to Impair Capital or Other Acts Detrimental to Bank

 Any director of a bank commits a Class B misdemeanor who concurs in any vote or act of the directors of the bank by which it is intended to:   Make a dividend except from the surplus profits arising from the business of the bank;   Divide, withdraw or in any manner pay to the stockholders or any of them any part of the capital stock of the bank, or to reduce the capital stock, except in pursuance of law;   Discount or receive any note, or other evidence of debt in payment of capital stock required to be paid or with intention to provide the means of making the payment;   Receive or discount any note or other evidence of debt with the intent to enable any stockholder to withdraw any part of the money paid in by the stockholder or the stockholder's stock; or   Apply any portion of the funds of the bank except as allowed by law, directly or indirectly, to the purchase of shares of its own stock.
TN Code § 45-2-1715 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1715. Unlawful Increase of Capital Stock

 Any officer or director of a bank who knowingly and willfully issues, participates in issuing, or concurs in a vote to issue, any increase of its capital stock beyond the amount of the capital stock thereof duly authorized by or in pursuance of law, or who knowingly and willfully sells or agrees to sell, or is interested directly or indirectly in the sale of the shares of stock of the bank, or in any agreement to sell the same, commits a Class C misdemeanor.
TN Code § 45-2-1716 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1716. Appropriation of Property, False Entries, or Refusal to Make Reports

  Any director, officer, or employee of any bank commits a Class C misdemeanor who:  Knowingly receives or possesses any of the bank's property, otherwise than in payment for a just demand, or with intent to defraud, and omits to make, or causes the omission of, a full and true entry thereof in its books and accounts;   Concurs in omitting to make any material entry in its books or accounts; or   Knowingly by letterhead, newspaper advertisement, or otherwise represents its capital stock to be in excess of the actual capital paid in, or knowingly concurs in making or publishing any written report, exhibit, or statement of its affairs or pecuniary conditions, making any material statement that is false and by which the bank is made to appear in better condition than it really is, or knowingly omits or concurs in omitting any statement required by law.     This section shall not be construed to conflict with § 39-14-103.
TN Code § 45-2-1717 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1717. Criminal Sanctions for Violations — Reports — Confidential Information

  It is the duty of the commissioner to submit to the district attorneys general for the respective counties of the state any criminal violation of the banking laws known by the commissioner to have occurred in the county. The commissioner shall also report the violation to the appropriate division of the Tennessee bureau of investigation.   The commissioner may submit to the district attorneys general, to the attorney general and reporter, and to the appropriate division of the Tennessee bureau of investigation any criminal violation of the securities laws known by the commissioner to have occurred.   Confidential information that is communicated by the commissioner pursuant to this section, whether the reporting is required or authorized by law, remains confidential in the hands of the agency to which the information is reported, and does not become a matter of public record by virtue of this communication.
TN Code § 45-2-1718 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1718. Criminal Sanctions for Violations

  Except as otherwise specifically provided in this chapter and chapter 1, any person responsible for an act or omission expressly declared to be a criminal offense by this chapter and chapter 1 of this title commits:  A Class C misdemeanor; or   If the act or omission was intended to defraud, a Class E felony.     An officer, director, or employee of a bank is responsible for an act or omission of the institution declared to be a criminal offense against this chapter and chapter 1 of this title whenever, knowing that the act or omission is unlawful, the person participates in authorizing, executing, ratifying or concealing the act, or in authorizing or ratifying the omission or, having a duty to take the required action, omits to do so.   Unless otherwise provided in this chapter and chapter 1 of this title, it is no defense to a criminal prosecution hereunder that the defendant did not know the facts establishing the criminal character of the act or omission charged, if the defendant could and should have known the facts in the proper performance of the defendant's duty.
TN Code § 45-2-1719 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 2 - Banking Institutions|Part 17 - Prohibited Acts|§ 45-2-1719. Injunction

 Whenever a violation of this chapter and chapter 1 of this title by a bank or an officer, director or employee thereof is threatened or impending and will cause substantial injury to the institution or to the depositors, or stockholders thereof, a court of competent jurisdiction shall, upon the suit of the commissioner, issue an injunction restraining the violation.