Tennessee Statutes
§ 45-4-1110 — Directors
Tennessee·Title 45
(a)The corporation's business shall be conducted by the incorporators who shall serve until the organizational meeting of the corporation, at which time directors shall be elected by the members of the corporation in accordance with the bylaws. Thereafter, the corporation's business shall be conducted by the directors.
(b)Directors shall not be compensated for their services as directors, but may be reimbursed for reasonable expenses in connection with corporation business.
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Tennessee § 45-4-1110 (Directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1974, ch. 577, § 10; T.C.A., § 45-1844.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and duties