Tennessee Code 48-23-206 – Payment
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Terms Used In Tennessee Code 48-23-206
- 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.
- Corporation: means the issuer of the shares held by a dissenter before the corporate action, and, for purposes of §. See Tennessee Code 48-23-101
- Dissenter: means a shareholder who is entitled to dissent from corporate action under §. See Tennessee Code 48-23-101
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Interest: means interest from the effective date of the corporate action that gave rise to the shareholder's right to dissent until the date of payment, at the average auction rate paid on United States treasury bills with a maturity of six (6) months (or the closest maturity thereto) as of the auction date for such treasury bills closest to such effective date. See Tennessee Code 48-23-101
- Shareholder: means the record shareholder or the beneficial shareholder. See Tennessee Code 48-23-101
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105