Required Statement to Appear on Each Share Certificate

  1. Law
  2. Tennessee Code
  3. Securities, Corporations and Associations
  4. Special Purpose Corporations and Associations
  5. Tennessee Professional Corporation Act
  6. Required Statement to Appear on Each Share Certificate

Checkout our iOS App for a better way to browser and research.

  1. The following statement must appear conspicuously on each share certificate issued by a professional corporation:

    The transfer of shares of a professional corporation is restricted by the Tennessee Professional Corporation Act, and is subject to further restriction imposed from time to time by the licensing authority. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.

  2. Within a reasonable time after the issuance or transfer of shares of a professional corporation that do not contain such statement, the corporation shall send the shareholders a written notice containing the statement required by subsection (a).


Download our app to see the most-to-date content.