Tennessee Code 7-41-111 – Exercise of powers and rights granted by chapter
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Terms Used In Tennessee Code 7-41-111
- 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.
- Municipality: means an incorporated city located in this state. See Tennessee Code 7-41-103
Notwithstanding any law to the contrary, the municipality and the industrial development corporation may exercise all power and rights, express or implied, granted by this chapter.