Tennessee Statutes
§ 48-56-303 — Purchase of memberships
Tennessee·Title 48
(a)A public benefit corporation may not purchase any of its memberships or any right arising therefrom.
(b)A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its charter. No payment shall be made in violation of chapter 63 of this title.
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Tennessee § 48-56-303 (Purchase of memberships) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1987, ch. 242, § 6.32.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration