Tennessee Code 56-10-102 – Procedure for merger, consolidation or exchange of stock
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Terms Used In Tennessee Code 56-10-102
- 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.
The constituent insurance companies may adopt a plan of merger or consolidation, or the domestic insurance company and the acquiring corporation may adopt a plan of exchange of stock, as provided in §§ 56-10-103 – 56-10-106.