Applicability of certain provisions concerning business combinations and control share acquisitions

Tenn. Code Ann. § 48-103-404, under Tennessee Authorized Corporation Protection Act.

Tenn. Code Ann. § 48-103-404

(a) Sections 48-103-203 — 48-103-209 shall apply to an authorized corporation to the same extent as such provisions apply to a “resident domestic corporation,” as defined therein; provided, that the board of directors or shareholders of such foreign corporation have adopted a bylaw or charter provision specifying that the authorized corporation shall be subject to this subsection (a).

(b) Sections 48-103-304 and 48-103-311 shall apply to an authorized corporation to the same extent as such provisions apply to a “corporation,” as defined therein; provided, that the board of directors or shareholders of such authorized corporation have adopted a bylaw or charter provision specifying that such authorized corporation shall be subject to this subsection (b).