Submitting Action Creating Dissenter's Right to Vote

1. Law
2. Tennessee Code
3. Agriculture and Horticulture
4. Tennessee Processing Cooperative Law
5. Dissenter's Rights
6. Submitting Action Creating Dissenter's Right to Vote

1. If proposed cooperative action creating dissenter's rights under § 43-38-802 is submitted to a vote at a members' meeting, the meeting notice must state that members are or may be entitled to assert dissenter's rights under this part and be accompanied by a copy of this part.
2. If cooperative action creating dissenter's rights under § 43-38-802 is taken without a vote of the members, the cooperative shall notify in writing all members entitled to assert dissenter's rights that the action was taken and send them the dissenter's notice described in § 43-38-805.
3. A cooperative's failure to give notice pursuant to this section will not invalidate the cooperative action.

Download our app to see the most-to-date content.