Tenn. Code § 43-16-132

Current through Acts 2023-2024, ch. 1069

Section 43-16-132 - Referendum of policy matters upon demand to entire membership

Upon demand of one third (1/3) of the entire board of directors, made immediately and so recorded at the same meeting at which the original motion was passed, any matter of policy that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting; and a special meeting may be called for the purpose.

T.C.A. § 43-16-132

Acts 1923, ch. 100, § 17; Shan. Supp., § 2534a57; Code 1932, §3815; T.C.A. (orig. ed.), § 43-1833.