Tenn. Code § 48-53-101

Current through Acts 2023-2024, ch. 1069
Section 48-53-101 - Purposes
(a) Every corporation incorporated under chapters 51-68 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the charter.
(b) A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under chapters 51-68 of this title only if permitted by, and subject to all limitations of, the other statute.

T.C.A. § 48-53-101

Acts 1987, ch. 242, § 3.01.