The affairs of the association shall be managed by a board of not fewer than three (3) directors, elected by the members or stockholders not from their own number. The bylaws may provide that one (1) or more directors may be appointed by any public official or commission or by the other directors selected by the members or their delegates. The directors so appointed cannot be members or stockholders of the association.
Tenn. Code Ann. § 59-13-115
Board of directors
Known as the Tennessee Coal Cooperative Marketing Association Law
The act spans §§ 59-13-101 to 59-13-144 (44 sections).
Acts 1984, ch. 864, § 15.
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.