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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-28-101 Short title
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This chapter shall be known and may be cited as the “For-Profit Benefit Corporation Act.”
Tenn. Code Ann. § 48-28-102 Applicability — Governing law
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This chapter applies to all for-profit benefit corporations. If a corporation, organized under the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title, elects to become a for-profit benefit corporation under this chapter in the manner prescribed in this c…
Tenn. Code Ann. § 48-28-103 Chapter definitions
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(1) As used in this chapter:(1) “For-profit benefit corporation” means a domestic business corporation organized under and subject to the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title that intends to pursue a public benefit or public benefits;(2) “F…
Tenn. Code Ann. § 48-28-104 Restriction on merger, share exchange or conversion of for-profit corporation that is not for-profit benefit corporation with or into for-profit benefit corporation — Limitations upon mergers, share exchanges or conversions of for-profit benefit corporation — Management in best interests — Statement of public benefits
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(a) (1) Notwithstanding the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title, a domestic for-profit corporation that is not a for-profit benefit corporation shall not, without the approval of two-thirds (⅔) of the outstanding shares of each class of th…
