Tennessee § 26-5-106 - Transfer of corporate stock.
Full text of Tennessee Tennessee Code Annotated § 26-5-106 — Transfer of corporate stock., with citation guidance and answers to common questions.
§ 26-5-106. Transfer of corporate stock.
Upon the sale of corporate stock or shares by execution, the officer, on receiving from the purchaser the amount of the purchaser's bid, shall execute and deliver to the purchaser an assignment of the certificate of shares sold. The officer's return of the sale on the back of the execution shall be notice to all the world of the fact of sale. On presentation to the proper officer of the company of such assignment, the officer shall transfer the shares on the proper book, to the purchaser or assignee. Code 1858, § 3053 (deriv. Acts 1857-1858 Private, ch. 163, § 16); Shan., § 4780; mod. Code 1932, § 8910; T.C.A. (orig. ed.), § 26-706.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 26-5-106
What does Tennessee Code Annotated § 26-5-106 cover?
Section 26-5-106 ("Transfer of corporate stock.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 26-5-106?
A common citation format is "Tennessee Code Annotated § 26-5-106" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 26-5-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.