Section 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.