Tennessee Statutes
§ 43-38-404 — Restatement of articles
Tennessee·Title 43
(a)A cooperative's board of directors may restate its articles at any time with or without member action.
(b)The restatement may include one (1) or more amendments to the articles. If the restatement includes an amendment requiring member approval, it shall be adopted as provided in § 43-38-402 .
(c)If the board of directors submits a restatement for member action, the cooperative shall notify each member, whether or not entitled to vote, of the proposed members' meeting in accordance with § 43-38-512 . The notice shall also state that the purpose, or one (1) of the purposes, of the meeting is to consider the proposed restatement and contain or be accompanied by a copy of the restatement that identifies any amendment or other change it would make in the articles.
(d)A cooperative resta
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Legislative History
Acts 2004, ch. 534, § 9.
Nearby Sections
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