Tennessee Code 45-4-1212 – Exemption from share and deposit insurance
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Terms Used In Tennessee Code 45-4-1212
- 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.
The corporation shall be exempt from the requirements of § 45-4-505 relating to insurance of its shares and deposits.