Tennessee Statutes
§ 48-58-108 — Removal of directors elected by members or directors
Tennessee § 48-58-108
JurisdictionTennessee
Title48
This text of Tennessee § 48-58-108 (Removal of directors elected by members or directors) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 48-58-108 (2026).
Text
(a)The members may remove one (1) or more directors elected by them with or without cause, unless the charter provides that directors may be removed only for cause. The charter or bylaws may specify what constitutes cause for removal.
(b)If a director is elected by a class, chapter or other organizational unit or by region or other geographic grouping, the director may be removed only by the members of that class, chapter, unit or grouping.
(c)Except as provided in subsection (i), a director may be removed under subsection (a) or (b) only if the number of votes cast to remove the director would be sufficient to elect the director at a meeting to elect directors.
(d)If cumulative voting is authorized, a director may not be removed if the number of votes, or if the director was elected b
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Related
Michael Frisbey v. Salem Pointe Capital, LLC
(Court of Appeals of Tennessee, 2024)
Legislative History
Amended by 2014 Tenn. Acts, ch. 899,s 32, eff. 1/1/2015. Acts 1987, ch. 242, § 8.08.
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
AdministrationCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 48-58-108, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/48-58-108.