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2018 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 25 - Trade Practices
Part 1 - Trusts--Unlawful Restraint of Trade and Discrimination
§ 47-25-104. Charter forfeiture, or exclusion of foreign corporations, for violations.
Universal Citation: TN Code § 47-25-104 (2018)
(a) Any corporation chartered under the laws of the state which violates any of the provisions of either § 47-25-101 or § 47-25-102 shall thereby forfeit its charter and its franchise, and its corporate existence shall thereupon cease.
(b) Every foreign corporation which commits such a violation is denied the right to do, and is prohibited from doing, business in this state.
(c) It is the duty of the attorney general and reporter to enforce this section.
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