(a) Any condition, stipulation, provision, or term of any agreement that is in conflict with this part or that would purport to waive or restrict the application of any provision of this part is void and unenforceable.
non profit

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Terms Used In Tennessee Code 48-53-204

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Directors: means natural persons, designated in the charter or bylaws or elected or appointed by the incorporators, and their successors and natural persons elected or appointed to act as members of the board, irrespective of the names or titles by which such persons are described. See Tennessee Code 48-51-201
(b) Nothing in this part abrogates or amends the standards for directors set forth in § 48-58-301.
(c) In addition to any other remedies or rights of actions, a Tennessee nonprofit corporation that is injured by a violation or threatened violation of this part may bring a private right of action for injunctive relief and to recover costs and reasonable attorneys’ fees if the Tennessee nonprofit corporation is the prevailing party in the action.
(d) All ordinances, resolutions, rules, or requirements of any type that are in conflict with this part are void and unenforceable.
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