§ 48-239-107 — Voting for governors

Tennessee § 48-239-107

• Jurisdiction: Tennessee
• Title: 48

Text

(a) Plurality. Unless otherwise provided in the articles or operating agreement, governors are elected by a plurality of the voting power exercised in the election at a meeting at which a quorum is present. (b) Noncumulative Voting. Members do not have a right to cumulate their votes for governors unless the articles or operating agreement so provides. (c) Cumulative Voting. A statement included in the articles or operating agreement that "(all) (a designated voting group of) members are entitled to cumulate their votes for governors" (or words of similar import) means the members designated are entitled to multiply the number of votes they are entitled to cast by the number of governors for whom they are entitled to vote and cast the product for a single candidate or distribute the product among two (2) or more candidates. (d) Notice of Cumulative Voting. Membership interests otherwise entitled to vote cumulatively may not be voted cumulatively at a particular meeting unless: (1) The meeting notice states conspicuously that cumulative voting is authorized; or (2) A member who has the right to cumulate such member's votes gives notice to the secretary of the LLC no fewer than forty-eight (48) hours before the time set for the meeting of such member's intent to cumulate such member's votes during the meeting, and if one (1) member gives this notice, all other members in the same voting group participating in the election are entitled to cumulate their votes without giving further notice. The secretary shall announce before the election that cumulative voting is in effect.

Legislative History

Acts 1994, ch. 868, § 1.