Tennessee Statutes
§ 43-16-124 — Stock - Issuance upon payment - Voting right unaffected where held as security
Tennessee § 43-16-124
JurisdictionTennessee
Title43
This text of Tennessee § 43-16-124 (Stock - Issuance upon payment - Voting right unaffected where held as security) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 43-16-124 (2026).
Text
No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note; but such retention as security shall not affect the member's right to vote.
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Legislative History
Acts 1923, ch. 100, § 15; Shan. Supp., § 2534a48; Code 1932, §3806; T.C.A. (orig. ed.), § 43-1824.
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Terms of membersCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 43-16-124, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/43-16-124.