The requirements of § 45-8-212 shall not be applicable to a well capitalized licensee; provided, that within thirty (30) days of ceasing to be well capitalized, a licensee must apply for commissioner approval in order to retain any business acquired without the commissioner's prior approval.
Inapplicability of § 45-8-212 to well capitalized licensee
Tenn. Code Ann. § 45-8-226, under Business and Industrial Development Corporations.
Tenn. Code Ann. § 45-8-226