Duration of membership — Withdrawal

Tenn. Code Ann. § 48-101-111, under Development Credit Corporation Act.

Tenn. Code Ann. § 48-101-111

Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation three (3) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice. A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the withdrawal of the member.