Tennessee Statutes
§ 45-4-1211 — Tax status of corporation - Status of its bonds and other obligations
Tennessee·Title 45
(a)The corporation and all properties at any time owned by it, with the exception of real estate properties, and the income therefrom shall be exempt from all taxation in this state.
(b)Also, for the purposes of the Tennessee Securities Act of 1980, compiled in title 48, chapter 1, part 1, and any amendment thereto or substitution therefor, notes, bonds, debentures and other obligations issued by the corporation shall be deemed to be securities issued by a state-chartered credit union as more specifically defined in § 48-1-103(a)(5) .
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Tennessee § 45-4-1211 (Tax status of corporation - Status of its bonds and other obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1981, ch. 76, § 11.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and duties