Tennessee Code 49-9-1308 – Conflicts of interest prohibited
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Terms Used In Tennessee Code 49-9-1308
- 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.
No member of the board of trustees of the University of Tennessee Memorial Research Center and Hospital or the trustees’ immediate family shall derive any financial benefit from the transfer of the hospital to a nonprofit corporation as authorized by this part.