# Tenn. Code Ann. § 7-53-201: Application for incorporation - Qualifications of applicants - Certificate

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-201

## Section

- **Citation:** Tenn. Code Ann. § 7-53-201
- **Heading:** Application for incorporation - Qualifications of applicants - Certificate
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 7 / Chapter 53 / Section 7-53-201

## Text

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.
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.

## Nearby sections

- [Tenn. Code Ann. § 7-53-101 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-101.md)
- [Tenn. Code Ann. § 7-53-102 Purposes of chapter - Construction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-102.md)
- [Tenn. Code Ann. § 7-53-103 Dissolution - Disposition of property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-103.md)
- [Tenn. Code Ann. § 7-53-104 Corporations acting jointly](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-104.md)
- [Tenn. Code Ann. § 7-53-105 Provisions cumulative](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-105.md)
- [Tenn. Code Ann. § 7-53-106 Powers supplementary - Provisions severable](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-106.md)
- [Tenn. Code Ann. § 7-53-201 Application for incorporation - Qualifications of applicants - Certificate](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-201.md)
- [Tenn. Code Ann. § 7-53-202 Requisites of certificate of incorporation - Acknowledgment](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-202.md)
- [Tenn. Code Ann. § 7-53-203 Approval of certificate by secretary of state - Recording](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-203.md)
- [Tenn. Code Ann. § 7-53-204 Amendment of certificate](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-204.md)
- [Tenn. Code Ann. § 7-53-301 Board of directors - Conflict of interest statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-301.md)
- [Tenn. Code Ann. § 7-53-302 Corporate powers - Meetings public](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-302.md)
- [Tenn. Code Ann. § 7-53-303 Issuance of bonds - Restrictions on payment - Delivery - Additional issues - Redemption](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-303.md)
- [Tenn. Code Ann. § 7-53-304 Security for payment of bonds - Default - Bondholders' remedies - Maintenance of aggregate listing of debt](https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-304.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T7_C53_S7-53-201. Check the current official text before relying on it. Not legal advice.