Tenn. Code Ann. » Tenn. Code / Title 45 / Chapter 2 / Part 6
Tennessee Code Annotated

Tenn. Code Ann. § 45-2-609 (2026)

Sale of assets in ordinary course

✓ current as of May 2026
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A bank may sell any asset in the ordinary course of business, but the sale of all or substantially all of the assets of a bank shall entitle dissenting shareholders to the rights provided by § 45-2-1309.

Acts 1969, ch. 36, § 1 (3.244); T.C.A., § 45-438.

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2023–2023 · leading case: Greg Gonzales v. Orion Fed. Credit Union (Tenn. Ct. App. 2023).
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Greg Gonzales v. Orion Fed. Credit Union (Tenn. Ct. App. 2023). “§ 45-2-609 (2020). A “sale of all or substantially all of the assets of a bank” triggers dissenters’ rights for shareholders.”
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