The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of coal or coal products handled by the association; and such restrictions must be printed upon every certificate of stock subject thereof.
Tenn. Code Ann. § 59-13-127
Prohibited transfer of common stock
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, § 27.
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.