Procedure for Asserting Dissenter's Rights

1. Law
2. Tennessee Code
3. Agriculture and Horticulture
4. Tennessee Processing Cooperative Law
5. Dissenter's Rights
6. Procedure for Asserting Dissenter's Rights

1. If proposed cooperative action creating dissenter's rights under § 43-38-802 is submitted to vote at a members' meeting, a member who wishes to assert dissenter's rights:
   1. Must deliver to the cooperative, before the vote is taken, written notice of the member's intent to demand payment for the member's membership interest if the proposed action is effectuated; and
   2. Must not vote the member's membership interest in favor of the proposed action. No written notice of intent to demand payment is required of any member to whom the cooperative failed to provide the notice required by § 43-38-803.
2. A member who does not satisfy the requirements of subsection (a) is not entitled to payment for the member's membership interest under this part.

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