Business Organizations - As introduced, increases, from two to three, the number of days' notice that a for-profit corporation must give of the date, time, and place of a meeting to elect directors and complete the organization of the corporation or elect a board of directors to complete the organization of the corporation, if the initial directors are not named in the charter of the corporation. - Amends TCA Title 4; Title 29; Title 39; Title 46; Title 47; Title 48; Title 50; Title 61; Title 62 and Title 66.

HB 2417 increases the required notice period for for-profit corporations in Tennessee to hold meetings to elect directors or complete organizational processes. Specifically, it changes the notice requirement from two to three days before the meeting, applying when initial directors aren't named in the corporation's charter. This bill directly affects businesses organizing under Tennessee law by extending the advance notice they must provide to shareholders or members. The change modifies Tennessee Code Annotated Section 48-12-105(a)(2) and takes effect upon becoming law.