(a) Sections 48-103-203 - 48-103-209 shall apply to an authorized corporation to the same extent as such provisions apply to a 'resident domestic corporation,' as defined therein; provided, that the board of directors or shareholders of such foreign corporation have adopted a bylaw or charter provision specifying that the authorized corporation shall be subject to this subsection (a).(b) Sections 48-103-304 and 48-103-311 shall apply to an authorized corporation to the same extent as such provisions apply to a 'corporation,' as defined therein; provided, that the board of directors or shareholders of such authorized corporation have adopted a bylaw or charter provision specifying that such authorized corporation shall be subject to this subsection (b).Acts 1988, ch. 500, § 24; T.C.A., § 48-35-404.