{"data":{"id":"us-tn/tenn.-code-ann.-45-8-205","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 45-8-205","heading":"Corporate names","body":"(a) Except as otherwise provided in subsection (b), a person transacting business in this state, other than a licensee, shall not use a name or title that indicates that the person is a business and industrial development corporation, including, but not limited to, use of the term \"BIDCO,\" and shall not otherwise represent that the person is a business and industrial development corporation or a licensee.\n(b) Before being issued a license under this part, a Tennessee corporation that proposes to apply for a license or that applies for a license may perform, under a name that indicates that the corporation is a business and industrial development corporation, the acts necessary to apply for and obtain a license and to otherwise prepare to commence transacting business as a licensee. The corporation shall not represent that it is a licensee until after the license has been obtained.\n(c) A BIDCO licensed under this part shall not use a name or title that would indicate that it is a bank or trust company.","path":["TN Code","Title 45","Chapter 8"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"a72452da08b862d1e0aa937a36a460afc2e75602e9894e8b0c0d7abbacefa7e0","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-45-8-204","next":"us-tn/tenn.-code-ann.-45-8-206"},"notice":"GroundRules: Original legal text. Not legal advice."}