Terms Used In Tennessee Code 6-55-402

  • 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.
  • License: means a license issued pursuant to this part. See Tennessee Code 6-55-401
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105

No person, firm or corporation shall publish or conduct any sale of the type defined in § 6-55-401 without a license for the publication or conduct of such sale.