Except as provided in its charter or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.
Tenn. Code Ann. § 48-56-102
Consideration
Acts 1987, ch. 242, § 6.02.
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.