Tennessee Code 55-4-501 – “Fleet” defined
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Terms Used In Tennessee Code 55-4-501
- 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.
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
As used in this part, unless the context otherwise requires, “fleet” means one thousand (1,000) or more vehicles owned or long-term leased by a corporation or other legal entity and registered in the state pursuant to this part.