48-11-203 - Number of shareholders. - Tennessee Statutes

48-11-203. Number of shareholders.

(a)  For purposes of chapters 11-27 of this title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder:

     (1)  Three (3) or fewer co-owners;

     (2)  A corporation, partnership, trust, estate, or other entity; and

     (3)  The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(b)  For purposes of chapters 11-27 of this title, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.

[Acts 1986, ch. 887, § 1.22.]