Tennessee Code 45-4-1213 – Exemption from annual meetings and reserves
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Terms Used In Tennessee Code 45-4-1213
- 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 applicable to noncorporate credit unions relating to the date of its annual meetings and reserves.