Tennessee Statutes
§ 48-101-611 — Required statement to appear on each share certificate
Tennessee·Title 48
(a)The following statement must appear conspicuously on each share certificate issued by a professional corporation: The transfer of shares of a professional corporation is restricted by the Tennessee Professional Corporation Act, and is subject to further restriction imposed from time to time by the licensing authority. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.
(b)Within a reasonable time after the issuance or transfer of shares of a professional corporation that do not contain such statement, the corporation shall send the shareholders a written notice containing the statement required by subsection (a).
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Tennessee § 48-101-611 (Required statement to appear on each share certificate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1992, ch. 698, § 1; T.C.A., § 48-3-611.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration