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2018 Tennessee Code
Title 48 - Corporations and Associations
For-Profit Business Corporations
Chapter 13 - Purposes and Powers
§ 48-13-101. Purposes.
Universal Citation: TN Code § 48-13-101 (2018)
(a) Every corporation incorporated under chapters 11-27 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 a business that is subject to regulation under another statute of this state may incorporate under chapters 11-27 of this title only if permitted by, and subject to all limitations of, the other statute.
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