Tennessee Code 43-38-808 – Failure to take action
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Terms Used In Tennessee Code 43-38-808
- Cooperative: means a cooperative whose members have obtained rights to dissent under §. See Tennessee Code 43-38-801
- Dissenter: means a member who is entitled to dissent from cooperative action under §. See Tennessee Code 43-38-801
If the cooperative does not effectuate the proposed action that gave rise to the dissenter‘s rights within two (2) months after the date set for demanding payment, the cooperative must send a new dissenter’s notice under § 43-38-804 and repeat the payment demand procedure if it effectuates the proposed action.