45-3-207 - Completion of organization. - Tennessee Statutes

45-3-207. Completion of organization.

Upon filing by the secretary of state, the directors elected during the period of interim organization shall proceed to:

     (1)  Approve and adopt the charter and bylaws;

     (2)  Elect officers pursuant to the bylaws;

     (3)  Take action necessary to effect the insurance of the deposit accounts of the association; and

     (4)  Take other action that may be necessary to complete the organization.

[Acts 1978, ch. 708, § 1.21; T.C.A., § 45-1321.]