Tennessee Code 47-25-1102 – Part definitions
Current as of: 2024 | Check for updates
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[Effective Until 7/1/2024]
As used in this part, unless the context otherwise requires:
Terms Used In Tennessee Code 47-25-1102
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- 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.
- Individual: means human being, living or dead. See Tennessee Code 47-25-1102
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Photograph: means any photograph or photographic reproduction, still or moving, or any videotape or live television transmission, of any individual, so that the individual is readily identifiable. See Tennessee Code 47-25-1102