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Tenn. Code Ann. § 48-20-108

Amendment of charter pursuant to reorganization

Acts 1986, ch. 887, § 10.08.

(1) A corporation's charter may be amended without action by the board of directors or shareholders to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute, if the charter after amendment contains only provisions required or permitted by § 48-12-102.

(2) The individual or individuals designated by the court shall deliver to the secretary of state for filing articles of amendment setting forth: The name of the corporation;

(3) The text of each amendment approved by the court;

(4) The date of the court's order or decree approving the articles of amendment;

(5) The title of the reorganization proceeding in which the order or decree was entered; and

(6) A statement that the court had jurisdiction of the proceeding under federal statute.

(7) Shareholders of a corporation undergoing reorganization do not have dissenters' rights except as and to the extent provided in the reorganization plan.

(8) This section does not apply after entry of a final decree in the reorganization proceedings, even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.