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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-53-101 Purposes
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(a) Every corporation incorporated under chapters 51-68 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the charter. (b) A corporation engaging in an activity that is subject to regulation under another statute of thi…
Tenn. Code Ann. § 48-53-102 General powers
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(a) Unless its charter provides otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its affairs, including, without limitation, power to:(1) Sue and…
Tenn. Code Ann. § 48-53-103 Emergency powers
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(a) In anticipation of or during an emergency, the board of directors of a corporation may:(1) Modify lines of succession to accommodate the incapacity of any director, officer, employee or agent; and(2) Relocate the principal office, designate alternative principal offices or re…
Tenn. Code Ann. § 48-53-104 Ultra vires actions
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(a) Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (b) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a th…
