Tennessee Code 45-8-212 – Control of business firms
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Terms Used In Tennessee Code 45-8-212
- Business firm: means a person that transacts business on a regular basis, or that proposes to transact business on a regular and continual basis. See Tennessee Code 45-8-203
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-8-203
- Control: means , if used with respect to a specified person, the power to direct or cause the direction of, directly or indirectly through one (1) or more intermediaries, the management and policies of the specified person, whether through the ownership of voting securities, by contract, other than a commercial contract for goods or nonmanagement services. See Tennessee Code 45-8-203
- 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.
- Interests of a licensee: includes the interests of shareholders of the licensee. See Tennessee Code 45-8-203
- Licensee: means a Tennessee corporation that is licensed under this part. See Tennessee Code 45-8-203
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105