Tennessee Statutes
§ 59-13-123 — Conditions of issuing stock
Tennessee § 59-13-123
JurisdictionTennessee
Title59
This text of Tennessee § 59-13-123 (Conditions of issuing 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. § 59-13-123 (2026).
Text
No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but such retention as security shall not affect the member's right to vote.
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Legislative History
Acts 1984, ch. 864, § 23.
Nearby Sections
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Failure to obtain license§ 59-10-101
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Commissioner of environment and conservation or designee to be official representative of governor§ 59-11-102
Recordkeeping - Disputes - Settlement§ 59-11-103
Improper weighing or measuring - Penalty§ 59-11-104
Payment of checkweigher§ 59-12-101
§ 59-12-101Cite This Page — Counsel Stack
Bluebook (online)
Tennessee § 59-13-123, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/59-13-123.