Tennessee Statutes
§ 48-58-109 — Removal of designated or appointed directors
Tennessee·Title 48
(a)A designated director may be removed by an amendment to the charter or bylaws deleting or changing the designation.
(b)Except as otherwise provided in the articles or bylaws, an appointed director may be removed without cause by the person appointing the director. The person removing the director shall do so by giving written notice of the removal to the director and either the presiding officer of the board or the corporation's president or secretary. A removal is effective when the notice is effective unless the notice specifies a future effective date.
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Legislative History
Acts 1987, ch. 242, § 8.09; 2004, ch. 505, § 1.
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