Tennessee Code > Title 48 > FOR-PROFIT BUSINESS CORPORATIONS > Chapter 18 > Part 6 – Limitation of Actions (§ 48-18-601)
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| § 48-18-601 | Limitation of actions for breach of fiduciary duty |
Terms Used In Tennessee Code > Title 48 > FOR-PROFIT BUSINESS CORPORATIONS > Chapter 18 > Part 6 - Limitation of Actions (§ 48-18-601)
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Directors: means natural persons, designated in the charter or bylaws or elected or appointed by the incorporators, and their successors and natural persons elected or appointed to act as members of the board, irrespective of the names or titles by which such persons are described. See Tennessee Code 48-51-201
- Fiduciary: A trustee, executor, or administrator.
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- Trustee: A person or institution holding and administering property in trust.
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105