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Tenn. Code Ann. § 48-101-619

Proxy to vote shares

Acts 1992, ch. 698, § 1; T.C.A., § 48-3-619.

(1) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

(2) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection (b) continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

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.