Chapter 16 of this title shall not apply to any note, bond or other evidence of indebtedness issued by any G&T cooperative or foreign corporation transacting business in this state pursuant to this chapter, to the United States or any agency or instrumentality of the United States, or to any mortgage or deed of trust executed to secure the indebtedness. This chapter shall not apply to the issuance of membership certificates by any G&T cooperative or any such foreign corporation.
Tenn. Code Ann. § 48-69-120
Chapter 16 of this title not applicable to any note, bond or evidence of indebtedness
Known as the Electric G&T Cooperative Act
The act spans §§ 48-69-101 to 48-69-123 (23 sections).
Acts 2009, ch. 475, § 1.
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.