Tennessee Code 7-39-311 – Exemption from Tennessee public utility commission jurisdiction
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Terms Used In Tennessee Code 7-39-311
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
The exemption heretofore granted to municipalities from the jurisdiction of the Tennessee public utility commission is hereby granted to any energy acquisition corporation.