Terms Used In Tennessee Code 49-4-803

  • 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.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105

The state shall grant an amount as provided in this part to Tennessee resident students enrolled at independent, nonprofit colleges and universities accredited by the College Commission of the Southern Association of Colleges and Schools and, to the extent feasible within existing budgetary resources of the Tennessee student assistance corporation, to Tennessee resident students enrolled at eligible independent postsecondary institutions, as defined in § 49-4-902(11)(C).