Tennessee § 54-12-305 Compensation and expenses of directors

Tennessee Statutes

§ 54-12-305 — Compensation and expenses of directors

Tennessee § 54-12-305

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This text of Tennessee § 54-12-305 (Compensation and expenses of 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. § 54-12-305 (2026).

Text

(a)The members of the board of directors shall receive as compensation for their services, in attending to their duties as directors, fifty cents (50¢) per hour for the time actually consumed in attending to their duties, but not to exceed twenty-five (25) hours in any one (1) month.

(b)They shall also receive their actual expenses paid out or incurred on account of attending to their duties as directors. The account for time and expense shall be kept, made out and sworn to, and filed with the county clerk before payment is made.

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(a) The members of the board of directors shall receive as compensation for their services, in attending to their duties as directors, fifty cents (50¢) per hour for the time actually consumed in attending to their duties, but not to exceed twenty-five (25) hours in any one (1) month. (b) They shall also receive their actual expenses paid out or incurred on account of attending to their duties as directors. The account for time and expense shall be kept, made out and sworn to, and filed with the county clerk before payment is made.

Legislative History

Acts 1919, ch. 193, § 113; Shan. Supp., § 1682a127; Code 1932, § 2942; modified; T.C.A. (orig. ed.), § 54-1505; impl. am. Acts 1978, ch. 934, §§ 22, 36.