(a) Each cooperative shall have and continuously maintain in this state:

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Terms Used In Tennessee Code 43-38-107

  • Business entity: means a corporation, limited liability company, limited liability partnership or other legal entity, association or body vested with the power or function of a legal entity. 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
  • 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
(1) A registered office, which may be, but need not be, the same as its place of business;
(2) A registered agent, which agent may be either an individual resident in this state whose business office is identical with the registered office, or a domestic or foreign business entity authorized to transact business in the state having a business office identical with the registered office.
(b) If a registered agent resigns or is unable to perform the agent’s duties, the domestic cooperative shall promptly designate another registered agent to the end that it shall at all times have a registered agent in this state.
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