{"data":{"id":"us-tn/tenn.-code-ann.-48-103-113","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-103-113","heading":"Applicability of part","body":"(a) This part does not apply to \"state banks\" as defined in § 45-1-103 , to \"savings and loan associations,\" as defined by § 45-3-104 , or to \"public utilities,\" as defined by § 65-4-101 .\n(b) If the offeree company is a domestic insurance company whose takeover is subject to title 56, chapter 10, part 2, this part shall not apply and title 56, chapter 10, part 2 shall control. For purposes of this section, \"domestic insurance company\" has the meaning as that set forth in § 56-10-201 .\n(c) This part shall not apply to public utilities, public utility holding companies, national banking associations, bank holding companies or savings and loan associations subject to regulation by a federal agency.\n(d) This part shall not apply to any offer involving a vote by holders of equity securities of the offeree company, pursuant to its charter or articles of incorporation or the applicable corporation statute, on a merger, consolidation or sale of corporate assets in consideration of the issuance of securities of another corporation, or on a sale of its securities in exchange for cash or securities of another corporation.","path":["TN Code","Title 48","Chapter 103"],"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":"2d1a607f65017ca70326280332cd5426f08b397b3b2dba85314b9ca456943b2d","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-103-112","next":"us-tn/tenn.-code-ann.-48-103-201"},"notice":"GroundRules: Original legal text. Not legal advice."}