Tennessee: Amendments to the Business Corporations Act

Back on May 21, 2012, Tennessee Governor Bill Haslam signed House Bill 3459, which is slated to revise multiple provisions of the Tennessee Business Corporations Act when it goes into effect on January 1, 2013. The bill will amend much of the existing law in regard to: corporate actions without a shareholders or directors meeting, dissenters’ rights, mergers and share exchanges, entity conversions, conflicts of interest, inspection of corporate records, notice and other communications.

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