2015 Tennessee Code
Title 48 - Corporations And Associations
Miscellaneous Corporation Provisions
Chapter 101 - Special Purpose Corporations and Associations
Part 6 - Tennessee Professional Corporation Act
§ 48-101-611 - Required statement to appear on each share certificate.
(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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