Tennessee Code 48-103-303 – Voting rights generally
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Terms Used In Tennessee Code 48-103-303
- Control: means the possession, direct or indirect, of the power to direct or cause the direction of the management or policies of a person whether through the ownership of voting securities, by contract or otherwise. See Tennessee Code 48-103-302
- Share: means the unit into which the proprietary interests in a corporation are divided. See Tennessee Code 48-11-201
Control shares of a corporation that are acquired in a control share acquisition shall have only such voting rights as shall be conferred pursuant to § 48-103-307.