Tennessee § 48-103-307 - Shareholder approval of voting rights.
Full text of Tennessee Tennessee Code Annotated § 48-103-307 — Shareholder approval of voting rights., with citation guidance and answers to common questions.
§ 48-103-307. Shareholder approval of voting rights.
Control shares acquired in a control share acquisition shall have the same voting rights as all other shares of the same class or series only if approved by resolution of the corporation's shareholders at an annual or special meeting convened pursuant to § 48-103-306 . Such resolution must be approved at such meeting by the holders of a majority of all of the shares entitled to vote generally with respect to the election of directors except interested shares, which shall not be entitled to vote with respect to such resolution. If no such resolution is approved, such shares shall regain their voting rights upon transfer to another person unless such transfer constitutes a control share acquisition by the aquistor, in which case the voting rights of such shares shall be subject to the provisions hereof. Sections 48-17-104 and 48-17-208 shall not apply to the shareholder approval contemplated by this part. Acts 1988, ch. 500, § 14; T.C.A., § 48-35-307 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 48-103-307
What does Tennessee Code Annotated § 48-103-307 cover?
Section 48-103-307 ("Shareholder approval of voting rights.") 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 § 48-103-307?
A common citation format is "Tennessee Code Annotated § 48-103-307" (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 § 48-103-307 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.