For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Mandatory indemnification.

Tenn. Code Ann. § 48-58-503
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
48-58-503. Mandatory indemnification. Unless limited by its charter, a corporation shall indemnify a director to the extent the director was successful, on the merits or otherwise, or who is immune from suit under § 48-58-601, in the defense of any proceeding to which the director was a party because the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. Acts 1987, ch. 242, § 8.52; 2014, ch. 899, § 47.
Source: Tennessee Code (state release 76 via Public.Resource.Org) + public chapters (Tennessee Secretary of State)URL: https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.48.htmlFetched: 10/24/2026

Starting a business in Tennessee? Tennessee LLC guide: costs and requirements