Tennessee Processing Cooperative Law
Tennessee · Agriculture And Horticulture · §§ 43-38-1001 to 43-38-904 · 150 sections
Overview
The Tennessee Processing Cooperative Law governs the formation, identity, and dissolution of processing cooperatives organized under Tennessee law. It sets requirements for a cooperative's name, its registered office and registered agent, service of process, and the forms, methods, and fees for filings made with the secretary of state. Its bulk addresses how a cooperative ends: voluntary dissolution by organizers, initial directors, or members; administrative dissolution by the state, with procedures for reinstatement and appeal; and judicial dissolution, including receivership and court-supervised winding up — along with the claims procedures, debt collection, asset distribution to members, and articles of termination that complete the process.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Tenn. Code Ann. § 43-38-1001Dissolution by organizers or initial directors
- Tenn. Code Ann. § 43-38-1002Voluntary dissolution
- Tenn. Code Ann. § 43-38-1003Grounds for administrative dissolution
- Tenn. Code Ann. § 43-38-1004Procedure for and effect of administrative dissolution
- Tenn. Code Ann. § 43-38-1005Reinstatement following administrative dissolution
- Tenn. Code Ann. § 43-38-1006Appeal from denial of reinstatement
- Tenn. Code Ann. § 43-38-1007Articles of termination following administrative dissolution
- Tenn. Code Ann. § 43-38-1008Filing notice of dissolution and effect
- Tenn. Code Ann. § 43-38-1009Collection and payment of debts — Transfer of assets — Distribution to members
- Tenn. Code Ann. § 43-38-101Short title
- Tenn. Code Ann. § 43-38-1010Known and unknown claims against cooperative
- Tenn. Code Ann. § 43-38-1011Claims against dissolving cooperative
- Tenn. Code Ann. § 43-38-1012Filing of articles of termination upon dissolution and completion of winding up of cooperative
- Tenn. Code Ann. § 43-38-1013Revocation of dissolution proceedings
- Tenn. Code Ann. § 43-38-1014Termination of existence
- Tenn. Code Ann. § 43-38-1015Dissolution under the supervision of the court
- Tenn. Code Ann. § 43-38-1016Judicial intervention
- Tenn. Code Ann. § 43-38-1017Judicial dissolution
- Tenn. Code Ann. § 43-38-1018Procedure for judicial dissolution
- Tenn. Code Ann. § 43-38-1019Receivership
- Tenn. Code Ann. § 43-38-102Reservation of power to amend or repeal
- Tenn. Code Ann. § 43-38-1020Filing of claims
- Tenn. Code Ann. § 43-38-1021Discontinuation of dissolution for lack of cause
- Tenn. Code Ann. § 43-38-1022Court order dissolving cooperative
- Tenn. Code Ann. § 43-38-1023Certified copy of dissolution
- Tenn. Code Ann. § 43-38-1024Liquidation
- Tenn. Code Ann. § 43-38-1025Right to sue or defend after dissolution
- Tenn. Code Ann. § 43-38-1026Equitable relief — Dissolution and liquidation
- Tenn. Code Ann. § 43-38-1027Claims procedure
- Tenn. Code Ann. § 43-38-103Chapter definitions
- Tenn. Code Ann. § 43-38-104Notice
- Tenn. Code Ann. § 43-38-105Name of cooperative
- Tenn. Code Ann. § 43-38-106Reservation of cooperative name with secretary of state
- Tenn. Code Ann. § 43-38-107Registered office and registered agent
- Tenn. Code Ann. § 43-38-108Change of registered office or registered agent
- Tenn. Code Ann. § 43-38-109Resignation of registered agent
- Tenn. Code Ann. § 43-38-110Service on cooperative
- Tenn. Code Ann. § 43-38-1101Filing requirements
- Tenn. Code Ann. § 43-38-1102Forms and filing methods
- Tenn. Code Ann. § 43-38-1103Filing, service and copying fees
- Tenn. Code Ann. § 43-38-1104Corrections
- Tenn. Code Ann. § 43-38-1105Filing duty of secretary of state
- Tenn. Code Ann. § 43-38-1106Appeal of refusal to file document
- Tenn. Code Ann. § 43-38-1107Copy as evidence
- Tenn. Code Ann. § 43-38-1108Penalty for signing false document
- Tenn. Code Ann. § 43-38-1109Effective time and date of document
- Tenn. Code Ann. § 43-38-111Service — Role of secretary of state
- Tenn. Code Ann. § 43-38-112Fees and taxes
- Tenn. Code Ann. § 43-38-113Powers of cooperative
- Tenn. Code Ann. § 43-38-114Marketing contracts
- Tenn. Code Ann. § 43-38-115Unclaimed property
- Tenn. Code Ann. § 43-38-116Challenge of cooperative action
- Tenn. Code Ann. § 43-38-117Limitation of liability
- Tenn. Code Ann. § 43-38-118Required records and information
- Tenn. Code Ann. § 43-38-119Preparation of annual reports
- Tenn. Code Ann. § 43-38-120Filing of annual reports — Required information — Currency of report — Time of filing
- Tenn. Code Ann. § 43-38-121Indemnification
- Tenn. Code Ann. § 43-38-122Merger and consolidation
- Tenn. Code Ann. § 43-38-123Management of property and assets
- Tenn. Code Ann. § 43-38-124Promulgation of rules and regulations — Destruction of records
- Tenn. Code Ann. § 43-38-125Deputies of the secretary of state
- Tenn. Code Ann. § 43-38-201Organizational purpose
- Tenn. Code Ann. § 43-38-202Organizers — Date of formation
- Tenn. Code Ann. § 43-38-203Articles of organization — Preparing and filing — Approval — Hearing on rejection of articles
- Tenn. Code Ann. § 43-38-204Existence — Duration
- Tenn. Code Ann. § 43-38-301Bylaws — Provisions —Amendments
- Tenn. Code Ann. § 43-38-302Approval of and agreement to bylaws — Vote to amend — Enforcement
- Tenn. Code Ann. § 43-38-303Emergency bylaws
- Tenn. Code Ann. § 43-38-401Amendment of articles — No vested property rights conferred
- Tenn. Code Ann. § 43-38-402Procedure for amending articles
- Tenn. Code Ann. § 43-38-403Filing of amendments
- Tenn. Code Ann. § 43-38-404Restatement of articles
- Tenn. Code Ann. § 43-38-405Court ordered plan of reorganization
- Tenn. Code Ann. § 43-38-406Effect of amendment on cause of action
- Tenn. Code Ann. § 43-38-501Amount and division of membership of interests — Selling and transferring interests — Purchasing interests — Dissent
- Tenn. Code Ann. § 43-38-502Termination of membership
- Tenn. Code Ann. § 43-38-503Assignment of member's financial rights
- Tenn. Code Ann. § 43-38-504Assignment of governance rights — Consequence of ineffective assignment
- Tenn. Code Ann. § 43-38-505Restrictions on assignment of governance rights
- Tenn. Code Ann. § 43-38-506When assignment of financial and governance rights effective
- Tenn. Code Ann. § 43-38-507Judgment creditors of members
- Tenn. Code Ann. § 43-38-508Death, incompetence, or bankruptcy of member — Member that is dissolved, terminated, or in receivership
- Tenn. Code Ann. § 43-38-509Contribution agreements or contribution allowance agreements — Preemptive rights
- Tenn. Code Ann. § 43-38-510Annual members' meetings
- Tenn. Code Ann. § 43-38-511Special members' meetings
- Tenn. Code Ann. § 43-38-512Notice of meetings
- Tenn. Code Ann. § 43-38-513Certificate and statement of notice
- Tenn. Code Ann. § 43-38-514Failure to receive notice
- Tenn. Code Ann. § 43-38-515Waiver of notice
- Tenn. Code Ann. § 43-38-516Action without a meeting on written consent
- Tenn. Code Ann. § 43-38-517Procedure for taking action without a meeting on written consent
- Tenn. Code Ann. § 43-38-518Proposal to take action without a meeting — Notice — Procedure for calling a meeting
- Tenn. Code Ann. § 43-38-519Quorum requirements
- Tenn. Code Ann. § 43-38-520Action of members after vote — Class or series of memberships
- Tenn. Code Ann. § 43-38-521Proxy voting prohibited
- Tenn. Code Ann. § 43-38-522Number of votes allowed — Time for voting — Method of voting — Members represented by delegates — Absentee ballots
- Tenn. Code Ann. § 43-38-523Voting for cooperative constituted of other cooperatives or associations — Cooperative organized into units or districts of patron members
- Tenn. Code Ann. § 43-38-524Written member control agreements
- Tenn. Code Ann. § 43-38-525Representative of the cooperative at meetings of cooperative owned business entities
- Tenn. Code Ann. § 43-38-526Determination of the owners of membership interests
- Tenn. Code Ann. § 43-38-527Grouping of members
- Tenn. Code Ann. § 43-38-528Violations of articles, bylaws, member control agreements or marketing contracts — Surrender of financial rights — Surrender of voting rights
- Tenn. Code Ann. § 43-38-529Member liability
- Tenn. Code Ann. § 43-38-530Inspection and copying of records by members
- Tenn. Code Ann. § 43-38-531Inspection and copying of records by member's agent or attorney
- Tenn. Code Ann. § 43-38-532Enforcement of right to inspect and copy records
- Tenn. Code Ann. § 43-38-601Powers
- Tenn. Code Ann. § 43-38-602Agency of members in the cooperative
- Tenn. Code Ann. § 43-38-603Goverance of cooperative
- Tenn. Code Ann. § 43-38-604Qualifications of directors
- Tenn. Code Ann. § 43-38-605Number of directors
- Tenn. Code Ann. § 43-38-606Election of directors — Alternative voting
- Tenn. Code Ann. § 43-38-607Filling vacancies
- Tenn. Code Ann. § 43-38-608Resignation of directors
- Tenn. Code Ann. § 43-38-609Removal of directors
- Tenn. Code Ann. § 43-38-610Compensation of directors
- Tenn. Code Ann. § 43-38-611Limitation of director's liability
- Tenn. Code Ann. § 43-38-612Meetings of the board of directors — Place — Electronic communication — Special meetings — Notice — Waiver of notice
- Tenn. Code Ann. § 43-38-613Quorum of the board
- Tenn. Code Ann. § 43-38-614Action without a meeting of the board of directors
- Tenn. Code Ann. § 43-38-615Creation of committees
- Tenn. Code Ann. § 43-38-616Standards for directors
- Tenn. Code Ann. § 43-38-617Conflict of interest
- Tenn. Code Ann. § 43-38-618Officers
- Tenn. Code Ann. § 43-38-619Election or appointment of officers
- Tenn. Code Ann. § 43-38-620Residency requirements for officers
- Tenn. Code Ann. § 43-38-621Standards for officers
- Tenn. Code Ann. § 43-38-622Resignation or removal of officers
- Tenn. Code Ann. § 43-38-701Derivative actions
- Tenn. Code Ann. § 43-38-702Complaint
- Tenn. Code Ann. § 43-38-703Court approval needed to discontinue or settle a proceeding
- Tenn. Code Ann. § 43-38-704Expenses
- Tenn. Code Ann. § 43-38-705Equitable relief
- Tenn. Code Ann. § 43-38-801Part definitions
- Tenn. Code Ann. § 43-38-802Actions entitling member to dissent
- Tenn. Code Ann. § 43-38-803Submitting action creating dissenter's right to vote
- Tenn. Code Ann. § 43-38-804Procedure for asserting dissenter's rights
- Tenn. Code Ann. § 43-38-805Written notice to members
- Tenn. Code Ann. § 43-38-806Duty to demand payment
- Tenn. Code Ann. § 43-38-807Payment of fair value of dissenter's membership interest
- Tenn. Code Ann. § 43-38-808Failure to take action
- Tenn. Code Ann. § 43-38-809After-acquired shares
- Tenn. Code Ann. § 43-38-810Procedure if dissenter dissatisfied with payment or offer
- Tenn. Code Ann. § 43-38-811Judicial appraisal of shares
- Tenn. Code Ann. § 43-38-812Costs and fees of judicial appraisal
- Tenn. Code Ann. § 43-38-813Procedures as to assignees of financial rights
- Tenn. Code Ann. § 43-38-901Allocation of profits and losses
- Tenn. Code Ann. § 43-38-902Creation and maintance of a capital reserve — Distribution of net income
- Tenn. Code Ann. § 43-38-903Limitations on distribution
- Tenn. Code Ann. § 43-38-904Liability for unlawful distribution
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