Tennessee Code 56-28-104 – License required
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Terms Used In Tennessee Code 56-28-104
- 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.
- Department: means the department of commerce and insurance. See Tennessee Code 56-1-102
A corporation, subject to this chapter, may issue contracts only when the department has, by formal license, authorized the corporation to do so.