Tennessee Code 59-13-135 – Interests in other corporations
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Terms Used In Tennessee Code 59-13-135
- Association: means any corporation organized under this chapter. See Tennessee Code 59-13-103
- Coal: means coal and all of its derivatives. See Tennessee Code 59-13-103
- 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.
- Member: means actual members of associations without capital stock, and holders of common stock in associations organized with capital stock. See Tennessee Code 59-13-103
An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations with or without capital stock, and engaged in sampling, storing, processing, permitting, reclamation, transporting, marketing, or selling of the coal or the derivatives thereof handled by the association.