2016 Tennessee Code
Title 48 - Corporations and Associations
Nonprofit Corporations
Chapter 53 - Purposes and Powers
§ 48-53-101. Purposes.

TN Code § 48-53-101 (2016) What's This?

(a) Every corporation incorporated under chapters 51-68 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the charter.

(b) A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under chapters 51-68 of this title only if permitted by, and subject to all limitations of, the other statute.

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