LegalFix
Sign In

§ 43-38-302. Approval of and agreement to bylaws -- Vote to amend -- Enforcement.

TN Code § 43-38-302 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) Except as otherwise provided in the articles, the bylaws must initially be agreed to by all members or the organizer or organizers. Any person becoming a member after the bylaws have been adopted by the organizers or the members will be deemed to have agreed to the bylaws.

(b) Unless otherwise provided in the articles or the bylaws, the amendment of the bylaws shall require the vote of members necessary to amend the articles.

(c)

(1) A court of equity may enforce the bylaws by injunction or by such other equitable relief as the court in its discretion determines to be fair and appropriate in the circumstances.

(2) As an alternative to injunctive or other equitable relief, when § 43-38-1015 is applicable, a court of equity may conduct or continue the dissolution and winding up of the cooperative.

(3) Notwithstanding any provision of law to the contrary, any agreement to give dissolution avoidance consent, whether or not contained in the articles, the bylaws or other agreement entered into before the event of dissolution, is not specifically enforceable.

Previous Section
§ 43-38-301. Bylaws -- Provisions --Amendments.
Next Section
§ 43-38-303. Emergency bylaws.