Public-domain · open source
OpenJurist

Tenn. Code Ann. § 43-38-118

Required records and information

Known as the Tennessee Processing Cooperative Law

The act spans §§ 43-38-1001 to 43-38-904 (150 sections).

Acts 2004, ch. 534, § 23.

A cooperative shall keep at its principal executive office, or at another place or places within the United States determined by the board:

(1) A current list of the full names and last-known business, residence or mailing addresses of the chief manager, secretary and each member and governor;

(2) A current list of the full name and last-known business, residence, or mailing address of each assignee of financial rights and a description of the rights assigned;

(3) A copy of the articles and all amendments to the articles;

(4) Copies of the currently effective bylaws and any agreements concerning classes or series of membership interests;

(5) Copies of the cooperative's federal, state, and local income tax returns and reports, if any, for the three (3) most recent years;

(6) Financial statements required by § 43-38-119 and accounting records of the cooperative;

(7) Records of all proceedings of members, if any;

(8) Any written consents obtained from members under this chapter;

(9) Records of all proceedings of the board of directors for the last three (3) years;

(10) A statement of all contributions accepted under § 43-38-501, the identity of the contribution and the agreed value of the contribution;

(11) A copy of all contribution agreements and contribution allowance agreements; and

(12) A copy of the cooperative's most recent annual report delivered to the secretary of state under § 43-38-120.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.