2019 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 (2019)
  • (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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