If such corporations are warehousing corporations, they may issue legal warehouse receipts to the association against the commodities delivered by it, or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the usual and current value of the commodity represented. In case such warehouse is licensed or licensed and bonded under the laws of this or any other state or the United States, its warehouse receipt delivered to the association on commodities of the association or its members, or delivered by the association or its members, shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.
Structure 2021 Tennessee Code
Chapter 13 - Coal Cooperative Marketing Associations
§ 59-13-102. Legislative Intent
§ 59-13-103. Chapter Definitions
§ 59-13-104. Creation of Associations
§ 59-13-106. Communications Regarding Probable Success
§ 59-13-107. Powers and Duties
§ 59-13-109. Articles of Incorporation — Directors — Stock
§ 59-13-110. Stock — Common and Preferred
§ 59-13-111. Articles of Incorporation — Subscription and Acknowledgment — Copies — Evidence
§ 59-13-115. Board of Directors
§ 59-13-116. Compensation of Officers and Directors
§ 59-13-117. Contracts and Positions of Directors — Prohibitions
§ 59-13-118. Executive Committee
§ 59-13-119. Vacancies on Board
§ 59-13-120. Election of Officers
§ 59-13-122. Certificates of Membership
§ 59-13-123. Conditions of Issuing Stock
§ 59-13-124. Liability of Members
§ 59-13-125. Number of Votes of Members or Stockholders
§ 59-13-127. Prohibited Transfer of Common Stock
§ 59-13-128. Purchase of Common Stock by Association
§ 59-13-129. Removal of Officers or Directors
§ 59-13-130. Referral of Policy to Membership
§ 59-13-131. Marketing Contracts — Sales to or Through Associations
§ 59-13-133. Use of Preferred Stock to Discharge Obligations
§ 59-13-135. Interests in Other Corporations
§ 59-13-136. Interests in Warehousing Corporations
§ 59-13-137. Permissible Contracts and Agreements
§ 59-13-138. Out-of-State Corporations
§ 59-13-139. Restraint of Trade — Monopolies
§ 59-13-141. Combinations — Amendment of Preexisting Charters