The capital stock may be divided into preferred and common stock. If so divided, the articles of incorporation must contain a statement of the number of shares of stock to which preference is granted and the number of shares of stock to which no preference is granted; and the nature and definite extent of the preference and privileges granted to each.
Tenn. Code Ann. § 59-13-110
Stock — Common and preferred
Known as the Tennessee Coal Cooperative Marketing Association Law
The act spans §§ 59-13-101 to 59-13-144 (44 sections).
Acts 1984, ch. 864, § 10.
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.