™Your Policy Risk Impact Agent
92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-62-101 Sale of the assets in regular course of activities and mortgage of assets
1.3K chars
(a) A corporation may on the terms and conditions and for the consideration determined by the board of directors:(1) Sell, lease, exchange, or otherwise dispose of any or all of the corporation's assets in the usual and regular course of its activities;(2) Mortgage, pledge, dedic…
Tenn. Code Ann. § 48-62-102 Sale of assets other than in regular course of activities
5.1K chars
(a) (1) A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property (with or without the good will) other than in the usual and regular course of its activities, on the terms and conditions and for the consideration determined by th…
Tenn. Code Ann. § 48-62-103 Property held in trust or otherwise dedicated to charitable purpose not to be diverted from its purpose — Financial benefit in connection with disposition prohibited — Notice required of transactions not in usual and regular course of activities
1.1K chars
(a) Property held in trust or otherwise dedicated to a charitable purpose may not be diverted from its purpose by a transaction described in § 48-62-101 or § 48-62-102 unless the corporation complies with subsection (c) to the extent required by and pursuant to the law of this st…
