Tennessee Statutes
§ 48-11-203 — Number of shareholders
Tennessee·Title 48
(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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Legislative History
Acts 1986, ch. 887, § 1.22.
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