Tennessee Code 65-14-107 – Lessee railroads – Authority to subscribe, hold, and dispose of stock or bonds of terminal corporations
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Terms Used In Tennessee Code 65-14-107
- 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.
Any such railroad company or companies may also subscribe, hold, and dispose of the capital stock or bonds which may be issued by the railroad terminal corporation.