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TN HB0459
Bill
Status
4/8/2025
Primary Sponsor
Greg Martin
Click for details
AI Summary
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Adds two new grounds for administrative dissolution or revocation of registration for business entities (cooperatives, corporations, LLCs, and limited partnerships) filing documents with the Tennessee Secretary of State
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Authorizes dissolution/revocation when an entity representative knowingly signs and files a document containing materially false information
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Prohibits entities owned or controlled by foreign adversaries (as designated by the U.S. Secretary of Commerce under 15 CFR 791.4(a)) from operating in Tennessee
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Exempts entities whose transactions have been approved by the Committee on Foreign Investment in the United States (CFIUS) from the foreign adversary restriction
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Applies uniformly to domestic and foreign corporations, LLCs, cooperatives, and limited partnerships registered in the state; took effect upon becoming law (approved April 3, 2025)
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 43, Chapter 38; Title 48, Chapter 24; Title 48, Chapter 245; Title 48, Chapter 246; Title 48, Chapter 249; Title 48, Chapter 25; Title 48, Chapter 64; Title 48, Chapter 65 and Title 61, Chapter 3, relative to entities filing documents with the secretary of state.
Secretary of State
Last Action
Comp. became Pub. Ch. 113
4/8/2025