48-103-310 - Applicability. - Tennessee Statutes

48-103-310. Applicability.

(a)  This part shall be applicable to any corporation as defined in § 48-103-302 whose charter or bylaws contain an express declaration that control share acquisitions respecting the shares of the corporation are governed by and subject to the provisions of this part.

(b)  Sections 48-103-308 and 48-103-309, or either of them, shall apply to such corporation only if the charter or bylaw declaration under subsection (a) explicitly so provides.

[Acts 1988, ch. 500, § 18; T.C.A., § 48-35-310.]