Tenn. Code Ann. § 48-28-109: Applicability of chapter as to business corporations that are not for-profit benefit corporations

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.