Tennessee Statutes
§ 56-18-104 — Division of board of directors - Classification - Terms
Tennessee § 56-18-104
JurisdictionTennessee
Title56
This text of Tennessee § 56-18-104 (Division of board of directors - Classification - Terms) 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. § 56-18-104 (2026).
Text
In order to secure continuity of membership in its board of directors, the bylaws of the corporation may provide for division of the board into no more than seven (7) classes as nearly equal in number as possible, and may fix the term of office for each class. Unless such provision is made in the bylaws, all directors shall be elected annually.
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Legislative History
Acts 1949, ch. 91, § 9; C. Supp. 1950, § 6433.21 (Williams, § 6433.25); T.C.A. (orig. ed.), § 56-1605.
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Bluebook (online)
Tennessee § 56-18-104, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-18-104.