Tennessee Code 43-38-604 – Qualifications of directors
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 43-38-604
- articles of organization: means articles of organization as originally filed and subsequently amended. See Tennessee Code 43-38-103
- Bylaws: means a written agreement described in §. See Tennessee Code 43-38-103
- Cooperative: means an association organized under this title conducting business on a cooperative plan as provided under this chapter. See Tennessee Code 43-38-103
- Member: means a person or entity reflected on the books of the cooperative as the owner of governance rights of a membership interest of the cooperative and includes patron and nonpatron members. See Tennessee Code 43-38-103
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The articles of organization or bylaws may prescribe qualifications for directors. A director need not be a resident of this state or a member of the cooperative, unless the articles of organization or bylaws so prescribe.