A cooperative that holds ownership interests of another business entity may, by direction of the cooperative's board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The representative has authority to represent the cooperative and may cast the cooperative's vote at the business entity's meeting.
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