Tennessee § 48-101-611 Required statement to appear on each share certificate

Tennessee Statutes

§ 48-101-611 — Required statement to appear on each share certificate

Tennessee § 48-101-611

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This text of Tennessee § 48-101-611 (Required statement to appear on each share certificate) 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. § 48-101-611 (2026).

Text

(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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(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).