Any permissible assignment of financial rights under § 43-38-503 and of governance rights under § 43-38-504 will be effective as to and binding upon the cooperative only when the assignee's name, address, social security or taxpayer identification number and the nature and extent of the assignment are reflected in the required records of the cooperative.
Structure 2021 Tennessee Code
Title 43 - Agriculture and Horticulture
Chapter 38 - Tennessee Processing Cooperative Law
§ 43-38-505. Restrictions on Assignment of Governance Rights
§ 43-38-506. When Assignment of Financial and Governance Rights Effective
§ 43-38-507. Judgment Creditors of Members
§ 43-38-514. Failure to Receive Notice
§ 43-38-521. Proxy Voting Prohibited
§ 43-38-525. Representative of the Cooperative at Meetings of Cooperative Owned Business Entities