{"data":{"id":"us-tn/tenn.-code-ann.-48-21-101","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-21-101","heading":"Chapter definitions","body":"As used in this chapter, unless the context otherwise requires: (1) \"Converted entity\" means the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation; (2) \"Eligible entity\" means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation; (3) \"Eligible interests\" means interests or memberships; (4) \"Filing entity\" means an unincorporated entity that is of a type that is created by filing a public organic document; (5) \"Interest holder\" means a person who holds of record an interest; (6) \"Membership\" means the rights of a member in a domestic or foreign nonprofit corporation; (7) \"Participating shares\" means shares however denominated that entitle their holders to participate in distributions on dissolution after all preferences have been paid; (8) \"Party to a merger or share exchange\" means any domestic or foreign corporation, or eligible entity that will: (A) Merge in a plan of merger; (B) Acquire shares or eligible interests of another domestic or foreign corporation, or an eligible entity in a share exchange; or (C) Have all of its shares or eligible interests of one (1) or more classes or series acquired in share exchange; (9) \"Survivor\" means the corporation or unincorporated entity that is in existence immediately after consummation of a merger or entity conversion pursuant to this chapter; and (10) \"Voting shares\" means shares that entitle their holders to vote unconditionally in the election of directors. Acts 1994, ch. 776, § 35; 2006, ch. 620, § 58; 2012, ch. 1051, § 39.\nAs used in this chapter, unless the context otherwise requires:\n(1) \"Converted entity\" means the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation;\n(2) \"Eligible entity\" means a domestic or foreign unincorporated entity or a domestic or foreign nonprofit corporation;\n(3) \"Eligible interests\" means interests or memberships;\n(4) \"Filing entity\" means an unincorporated entity that is of a type that is created by filing a public organic document;\n(5) \"Interest holder\" means a person who holds of record an interest;\n(6) \"Membership\" means the rights of a member in a domestic or foreign nonprofit corporation;\n(7) \"Participating shares\" means shares however denominated that entitle their holders to participate in distributions on dissolution after all preferences have been paid;\n(8) \"Party to a merger or share exchange\" means any domestic or foreign corporation, or eligible entity that will: (A) Merge in a plan of merger; (B) Acquire shares or eligible interests of another domestic or foreign corporation, or an eligible entity in a share exchange; or (C) Have all of its shares or eligible interests of one (1) or more classes or series acquired in share exchange;\n(A) Merge in a plan of merger;\n(B) Acquire shares or eligible interests of another domestic or foreign corporation, or an eligible entity in a share exchange; or\n(C) Have all of its shares or eligible interests of one (1) or more classes or series acquired in share exchange;\n(9) \"Survivor\" means the corporation or unincorporated entity that is in existence immediately after consummation of a merger or entity conversion pursuant to this chapter; and\n(10) \"Voting shares\" means shares that entitle their holders to vote unconditionally in the election of directors.","path":["TN Code","Title 48","Chapter 21"],"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":"030e1fa3bce3b55b5e6e563ea2c17ca9d901af66882e89de61c4bcb45477ae41","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-219-101","next":"us-tn/tenn.-code-ann.-48-21-102"},"notice":"GroundRules: Original legal text. Not legal advice."}