Tennessee Code 45-9-103 – Corporate charter
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Terms Used In Tennessee Code 45-9-103
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
- 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.
To the extent that the charter of a corporation organized under this chapter is more limited or restrictive than this chapter otherwise permits, the corporation shall be bound by the terms of its charter until such time or times as that charter is amended, subject to the approval and acceptance of the commissioner, to incorporate any other provision or provisions permitted by this chapter.