TCA § 45-2-2109 — Change of control in or of controlling person of state trust company

Section 45-2-103(a) , including the requirement to file an application and receive the prior approval of the commissioner, shall apply to a change of control in a state trust company or a controlling person of a state trust company. In the case of a change of control in a controlling person, the commissioner may waive the filing of an application if, in the commissioner's discretion, the change in control does not pose any risk to the public. Along with the change of control application the commissioner may, in the commissioner's discretion, require fingerprints and consent to a criminal history records check, or an international criminal background investigation, as provided in § 45-2-2103(b) . Acts 2014, ch. 642, § 3. Compiler's Notes. For the Preamble to the act concerning the market for trust and trust services, please refer to Acts 2014, ch. 642.