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Applicability of chapter as to business corporations that are not for-profit benefit corporations.

Tenn. Code Ann. § 48-28-109
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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. Acts 2015, ch. 497, § 1.
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

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