Tennessee § 26-5-106 Transfer of corporate stock

Tennessee Statutes

§ 26-5-106 — Transfer of corporate stock

Tennessee § 26-5-106

Title26

This text of Tennessee § 26-5-106 (Transfer of corporate stock) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 26-5-106 (2026).

Text

(a)Upon the sale of corporate stock or shares by execution, the officer, on receiving from the purchaser the amount of the purchaser's bid, shall execute and deliver to the purchaser an assignment of the certificate of shares sold.

(b)The officer's return of the sale on the back of the execution shall be notice to all the world of the fact of sale.

(c)On presentation to the proper officer of the company of such assignment, the officer shall transfer the shares on the proper book, to the purchaser or assignee.

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(a) Upon the sale of corporate stock or shares by execution, the officer, on receiving from the purchaser the amount of the purchaser's bid, shall execute and deliver to the purchaser an assignment of the certificate of shares sold. (b) The officer's return of the sale on the back of the execution shall be notice to all the world of the fact of sale. (c) On presentation to the proper officer of the company of such assignment, the officer shall transfer the shares on the proper book, to the purchaser or assignee.