Each association organized under this chapter shall pay an annual fee of ten dollars ($10.00) only, in lieu of all franchise, license, corporation or other privilege taxes, or taxes or charges upon reserves held by it for members; provided, that if any association organized under this chapter sells to persons other than its own members any product or merchandise other than unmanufactured tobacco, livestock, poultry products, dairy products or any other farm products, such association shall be liable for any privilege tax with respect to such transactions or method of doing business imposed under the laws of Tennessee, other than franchise and excise taxes and corporation filing fees or charges upon reserves held by it for members.
Structure 2021 Tennessee Code
Title 43 - Agriculture and Horticulture
Chapter 16 - Cooperative Marketing Associations
§ 43-16-102. Purpose of Chapter
§ 43-16-104. Nonprofit Cooperative Association — Persons Entitled to Form
§ 43-16-105. Activities in Which Authorized to Engage
§ 43-16-106. Preliminary Inquiry as to Probable Success
§ 43-16-107. Recognition That Farmers Need Special Instruction Data in Marketing Their Products
§ 43-16-108. Powers of Incorporated Association
§ 43-16-110. Articles of Incorporation — Preparing and Filing — Contents
§ 43-16-111. Capital Stock — Articles Specifying Division Into Preferred and Common Stock
§ 43-16-112. Articles to Be Signed, Acknowledged, and Filed — Prima Facie Evidence of Incorporation
§ 43-16-114. Code of Bylaws — Provisions
§ 43-16-115. Regular and Special Meetings — Notice — Provisions as to Notice
§ 43-16-117. Remuneration of Officers, Directors, and Committeemen
§ 43-16-119. Executive Committee and Its Functions
§ 43-16-120. Vacancies in Board of Directors — Filling
§ 43-16-121. Officers Elected by Directors — Treasurer
§ 43-16-122. Bonds — of Whom Required
§ 43-16-123. Certificate of Membership
§ 43-16-124. Stock — Issuance Upon Payment — Voting Right Unaffected Where Held as Security
§ 43-16-125. Liability of Members for Debts
§ 43-16-126. Member or Stockholder Entitled to Only One Vote
§ 43-16-127. Preferred Stock — Redemption or Retirement
§ 43-16-129. Purchase of Its Common Stock by Association
§ 43-16-130. Removal of Officers or Directors
§ 43-16-131. Procedure for Removal of Directors Elected in a District
§ 43-16-132. Referendum of Policy Matters Upon Demand to Entire Membership
§ 43-16-133. Marketing Contracts With Association
§ 43-16-135. Purchase of Property With Preferred Stock
§ 43-16-137. Conflicting Laws Do Not Apply
§ 43-16-138. Exemptions of Agricultural Products Apply, Though in Possession of Association
§ 43-16-139. Association May Be Interested in Other Like Associations
§ 43-16-144. General Corporation Laws Applicable — Exception
§ 43-16-145. Annual Fee in Lieu of Other Taxes — Exception
§ 43-16-147. Combinations of Existing Corporations Into Associations — Amendment of Charters