Tennessee Code 48-56-102 – Consideration
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 48-56-102
- Bylaws: means the code or codes of rules (other than the charter) adopted pursuant to chapters 51-68 of this title for the regulation or management of the affairs of the corporation irrespective of the name or names by which such rules are designated. See Tennessee Code 48-51-201
- Charter: includes amended and restated charters and articles of merger. See Tennessee Code 48-11-201
- 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.
Except as provided in its charter or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.