37 chapters · 601 sections in this title.
Tenn. Code Ann. § 65-25-119 Effect of consolidation or merger
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(1) The effect of consolidation or merger shall be as follows:(1) The several cooperatives which are parties to the consolidation or merger shall be a single cooperative, which, in the case of a consolidation, shall be the new cooperative provided for in the articles of consolida…
Tenn. Code Ann. § 65-25-120 Dissolution
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(a) (1) A cooperative which has not commenced business may dissolve voluntarily by delivering to the secretary of state articles of dissolution, executed and acknowledged on behalf of the cooperative by a majority of the incorporators, which shall state:(A) The name of the cooper…
Tenn. Code Ann. § 65-25-121 Foreign corporations
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(a) Any corporation organized on a nonprofit or a cooperative basis for the primary purpose and/or for one (1) or more secondary purposes and operating in a state adjacent to this state shall be permitted to transact business in this state without complying with any statute of th…
Tenn. Code Ann. § 65-25-122 Taxes
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(a) Nothing in this chapter shall exempt cooperatives and foreign corporations transacting business in this state pursuant to this chapter from ad valorem property taxes. Assessment schedules for such property that is devoted to and used or useful in pursuance of the primary purp…