Tennessee Code 48-53-202 – Nonprofit fair asset protection
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Notwithstanding any provision of law to the contrary, it is unlawful for:
Terms Used In Tennessee Code 48-53-202
- Charter: includes amended and restated charters and articles of merger. See Tennessee Code 48-11-201
- 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.