Tennessee § 7-53-201 - Application for incorporation — Qualifications of applicants — Certificate.
Full text of Tennessee Tennessee Code Annotated § 7-53-201 — Application for incorporation — Qualifications of applicants — Certificate., with citation guidance and answers to common questions.
§ 7-53-201. Application for incorporation — Qualifications of applicants — Certificate.
Whenever any number of natural persons, not less than three (3), each of whom shall be a duly qualified elector of and taxpayer in the municipality, files with the governing body of the municipality an application in writing seeking permission to apply for the incorporation of an industrial development board or corporation of such municipality, the governing body shall proceed to consider such application. If the governing body, by appropriate resolution duly adopted, finds and determines that it is wise, expedient, necessary or advisable that the corporation be formed and authorizes the persons making such application to proceed to form such corporation and approves the form of certificate of incorporation proposed to be used in organizing the corporation, then the persons making such application shall execute, acknowledge and file a certificate of incorporation for the corporation provided in this part. No corporation may be formed unless such application shall have first been filed with the governing body of the municipality and the governing body shall have adopted a resolution as provided in this section. Acts 1955, ch. 210, § 3; T.C.A., § 6-2803. Cross-References. Joint action to form industrial development corporations by eligible municipalities, § 7-53-104 . Attorney General Opinions. Persons qualified to petition for the establishment of industrial development board, OAG 99-142, 1999 Tenn. AG LEXIS 166 (7/27/99).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-53-201
What does Tennessee Code Annotated § 7-53-201 cover?
Section 7-53-201 ("Application for incorporation — Qualifications of applicants — Certificate.") 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 § 7-53-201?
A common citation format is "Tennessee Code Annotated § 7-53-201" (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 § 7-53-201 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.