Tennessee Code 43-38-803 – Submitting action creating dissenter’s right to vote

(a) If proposed cooperative action creating dissenter‘s rights under § 43-38-802 is submitted to a vote at a members’ meeting, the meeting notice must state that members are or may be entitled to assert dissenter’s rights under this part and be accompanied by a copy of this part.

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Terms Used In Tennessee Code 43-38-803

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
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

(b) If cooperative action creating dissenter’s rights under § 43-38-802 is taken without a vote of the members, the cooperative shall notify in writing all members entitled to assert dissenter’s rights that the action was taken and send them the dissenter’s notice described in § 43-38-805.

(c) A cooperative’s failure to give notice pursuant to this section will not invalidate the cooperative action.

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Tennessee Code 43-38-803 – Submitting action creating dissenter’s right to vote

Terms Used In Tennessee Code 43-38-803

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