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Current as of January 02, 2024 | Updated by Findlaw Staff
This chapter shall not affect a statute or other rule of law applicable to a domestic business corporation that is not a for-profit benefit corporation, except as provided in § 48-28-104. Specifically, no implication is made by, and no inference may be drawn from, the enactment of this chapter as to whether, in exercising their duties, the officers or directors of a domestic business corporation that is not a for-profit benefit corporation may consider the impact of the corporation's transactions or other conduct on:
(1) The interests of those materially affected by the corporation's conduct, including the pecuniary interests of shareholders; or
(2) Any public benefit or public benefits identified in its charter.
Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-28-109 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-28-109/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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