TN Business And Law Practice Questions - Tennessee Contractor Business And Law Examination Exam

Under Rule 0680-01-.02, who may serve as the qualifying agent for a Tennessee corporation seeking a contractor license?

Any shareholder, regardless of ownership percentage, without further paperwork Only the corporation's outside attorney A major stockholder owning at least 20 percent of the stock, or a full-time employee with written power of attorney to bind the corporation Any part-time bookkeeper who has sat for the Business and Law exam

Correct Answer:

A major stockholder owning at least 20 percent of the stock, or a full-time employee with written power of attorney to bind the corporation

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