Tennessee § 59-13-108 Membership - Stock

Tennessee Statutes

§ 59-13-108 — Membership - Stock

Tennessee § 59-13-108

Title59

This text of Tennessee § 59-13-108 (Membership - Stock) 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. § 59-13-108 (2026).

Text

(a)Under the terms and conditions prescribed in the bylaws adopted by it, an association may admit as members (or issue common stock to) only persons engaged in the production of coal or its derivatives to be handled by or through the association.

(b)If a member of a nonstock association be other than a natural person, such members may be represented by any individual, associate, officer, or manager, or member of such association duly authorized in writing.

(c)One (1) association organized hereunder may become a member or stockholder of any other association or associations organized hereunder.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Under the terms and conditions prescribed in the bylaws adopted by it, an association may admit as members (or issue common stock to) only persons engaged in the production of coal or its derivatives to be handled by or through the association. (b) If a member of a nonstock association be other than a natural person, such members may be represented by any individual, associate, officer, or manager, or member of such association duly authorized in writing. (c) One (1) association organized hereunder may become a member or stockholder of any other association or associations organized hereunder.