2010 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 43 - Tennessee Employee Leasing Act
62-43-120 - Captive leasing companies.
62-43-120. Captive leasing companies.
This chapter does not apply to captive leasing companies. Captive leasing companies include, but are not limited to, leasing arrangements wherein a company shares employees with or leases employees to a commonly owned company that is a public company or any other person in which that public company has a direct or indirect ownership interest in excess of thirty-three and one-third percent (331/3%), including ownership through subsidiaries and affiliates, and that does not hold itself out to the public in this state as an employee leasing organization, personnel service or contract labor firm. For the purposes of this section, public company means a corporation whose shares are publicly traded.
[Acts 1994, ch. 950, § 23.]
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