48-103-404 - Applicability of certain provisions concerning business combinations and control share acquisitions. - Tennessee Statutes

48-103-404. Applicability of certain provisions concerning business combinations and control share acquisitions.

(a)  The provisions of §§ 48-103-203 48-103-209 shall apply to an authorized corporation to the same extent as such provisions apply to a “resident domestic corporation,” as defined therein; provided, that the board of directors or shareholders of such foreign corporation have adopted a bylaw or charter provision specifying that the authorized corporation shall be subject to this subsection.

(b)  The provisions of §§ 48-103-304 and 48-103-311 shall apply to an authorized corporation to the same extent as such provisions apply to a “corporation,” as defined therein; provided, that the board of directors or shareholders of such authorized corporation have adopted a bylaw or charter provision specifying that such authorized corporation shall be subject to this subsection.

[Acts 1988, ch. 500, § 24; T.C.A., § 48-35-404.]