45-3-1103 - Sale of assets. - Tennessee Statutes

45-3-1103. Sale of assets.

An association, in one (1) transaction not in the ordinary course of its business, may sell all or substantially all of its assets, with or without its name and good will, to another association or to a federal association, in consideration of money, stock, or obligations of the purchasing association.

[Acts 1978, ch. 708, § 4.11; T.C.A., § 45-1611.]