Tennessee § 48-11-203 Number of shareholders

Tennessee Statutes

§ 48-11-203 — Number of shareholders

Tennessee § 48-11-203

Title48

This text of Tennessee § 48-11-203 (Number of shareholders) 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. § 48-11-203 (2026).

Text

(a)For purposes of chapters 11-27 of this title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder:

(1)Three (3) or fewer co-owners;

(2)A corporation, partnership, trust, estate, or other entity; and (3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(b)For purposes of chapters 11-27 of this title, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.

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(a) For purposes of chapters 11-27 of this title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder: (1) Three (3) or fewer co-owners; (2) A corporation, partnership, trust, estate, or other entity; and (3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. (b) For purposes of chapters 11-27 of this title, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.