Any state capital stock association or any federal association, if otherwise permitted by federal law and regulations, may become a state mutual association by following the procedures set forth in § 45-3-1105 and any rules and regulations promulgated by the commissioner.
Conversion of state capital stock association or federal association to state mutual association
Tenn. Code Ann. § 45-3-1106, under Voluntary Corporate Changes.
Tenn. Code Ann. § 45-3-1106