Tennessee Code 45-2-1309 – Dissenting stockholders
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Terms Used In Tennessee Code 45-2-1309
- Bank: means a state or a national bank. See Tennessee Code 45-2-1301
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Merger: includes consolidation. See Tennessee Code 45-2-1301
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The owners of shares of a state bank shall have dissenters rights as provided by the Tennessee Business Corporation Act, compiled in title 48, ch. 23, part 1, with respect to any plan of merger, merger agreement, plan of conversion, plan of share exchange or any other corporate action described in § 48-23-102.