Tennessee § 48-53-203 - “Good cause” defined.
Full text of Tennessee Tennessee Code Annotated § 48-53-203 — “Good cause” defined., with citation guidance and answers to common questions.
§ 48-53-203. “Good cause” defined.
For the purpose of this part, “good cause” means to exclude any refusal or failure by the Tennessee nonprofit corporation to make purchases of or to contract to make purchases of goods or services where the board of directors of the Tennessee nonprofit corporation determines, according to the standards set forth in § 48-58-301 , that making a purchase or contracting to make a purchase is not in the best interest of the Tennessee nonprofit corporation or is commercially unreasonable. Acts 2018, ch. 769, § 1. Compiler's Notes. For the Preamble to the act concerning protecting assets of nonprofit corporations, see Acts 2018, ch. 769.
Frequently Asked Questions About Tennessee § 48-53-203
What does Tennessee Code Annotated § 48-53-203 cover?
Section 48-53-203 ("“Good cause” defined.") 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 § 48-53-203?
A common citation format is "Tennessee Code Annotated § 48-53-203" (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 § 48-53-203 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.