Tennessee Statutes
§ 43-16-132 — Referendum of policy matters upon demand to entire membership
Tennessee·Title 43
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.
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Legislative History
Acts 1923, ch. 100, § 17; Shan. Supp., § 2534a57; Code 1932, §3815; T.C.A. (orig. ed.), § 43-1833.
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