reglab/housing_qa huggingface dataset:
TN Code § 43-16-108 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-108. Powers of Incorporated Association

 Each association incorporated under this chapter has the power to:   Engage in activity in connection with the marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning, packing, grading, storing, handling, or utilization of any agricultural products produced or delivered to it by its members, or the manufacturing, or marketing of the by-products thereof; or any activity in connection with the purchase, hiring, or use by its members of supplies, machinery, or equipment; or in the financing of any such activities; or in any one (1) or more of the activities specified in this section; and the association may also buy, sell and deal in agricultural products of nonmembers to an amount not greater in value than such as are handled by it for its members;   Borrow money and make advance payments and advances to members;   Act as the agent or representative of any member or members in any of the above mentioned activities;   Purchase or otherwise acquire, and hold, own, and exercise all rights or ownership in, and sell, transfer, or pledge, or guarantee the payment of dividends or interest on or the retirement or redemption of shares of the capital stock or bonds of any corporation or association engaged in any related activity or in the warehousing or handling or marketing of any of the products handled by the association;   Establish reserves and invest the funds thereof in bonds or in such other property as may be provided in the bylaws;   Buy, hold, and exercise all privileges of ownership over such real or personal property as may be necessary or convenient for the conduct and operation of any business of the association, or incidental thereto;   Establish, secure, own and develop patents, trademarks and copyrights; and   Do each and everything necessary, suitable or proper for the accomplishment of any one (1) of the purposes or the attainment of any one (1) or more of the subjects, enumerated in this section, or conducive to or expedient for the interest or benefit of the association, and contract accordingly; and, in addition, exercise and possess all powers, rights and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged; and, in addition, any other rights, powers, and privileges granted by the laws of this state to ordinary corporations, except those inconsistent with the express provisions of this chapter, and to do any such thing anywhere.
TN Code § 43-16-109 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-109. Members — Qualifications

  Under the terms and conditions prescribed in the bylaws adopted by it, an association may admit as members, or issue common stock to, only persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent all or any part of the crop raised on the leased premises.   If a member of a nonstock association is other than a natural person, that member may be represented by any individual, associate, officer, or manager, or member thereof, duly authorized in writing.   One (1) association organized under this chapter may become a member or stockholder of any other association or associations organized under this chapter.
TN Code § 43-16-110 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-110. Articles of Incorporation — Preparing and Filing — Contents

 Each association formed under this chapter must prepare and file articles of incorporation, setting forth:   The name of the association;   The purpose for which it is formed;   The place where its principal business will be transacted;   The duration of the association, if other than perpetual. If the charter of any association organized under this chapter provides for a term of existence, not exceeding fifty (50) years, such charter is deemed to be amended to provide that the duration of the association is perpetual, unless a majority of the members of such association vote to limit the duration of the association to some other period of time in accordance with title 48, chapter 3; provided, that in no event may the members so amend the charter of an association that has been in existence for more than fifty (50) years;   The number of directors of the association, which must be not less than five (5) and may be any number in excess of five (5); the term of office of such directors; and the names and addresses of those who are to serve as incorporating directors for the first term, and/or until the election and qualification of their successors;   If organized without capital stock, whether the property rights and interest of each member shall be equal or unequal; and if unequal, the general rule or rules applicable to all members by which the property rights and interests, respectively, of each member may and shall be determined and fixed; and provision for the admission of new members who shall be entitled to share in the property of the association with the old members, in accordance with such general rule or rules;   If organized with capital stock, the amount of stock and the number of shares into which it is divided and the par value thereof; and   The street address and zip code of the association's initial registered office in this state, the county in which the office is located, and the name of its initial registered agent at that office.
TN Code § 43-16-111 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-111. Capital Stock — Articles Specifying Division Into Preferred and Common Stock

 The capital stock may be divided into preferred and common stock. If so divided, the articles of incorporation must contain a statement of the number of shares of stock to which preference is granted and the number of shares of stock to which no preference is granted, and the nature and definite extent of the preference and privileges granted to each.
TN Code § 43-16-112 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-112. Articles to Be Signed, Acknowledged, and Filed — Prima Facie Evidence of Incorporation

 The articles must be signed by the incorporators; and when filed, the articles of incorporation, or certified copies thereof, shall be received in all the courts of this state and other places as prima facie evidence of the due incorporation of the association.
TN Code § 43-16-113 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-113. Amendment of Articles of Incorporation

  An amendment, including any conversion to a general nonprofit corporation pursuant to § 48-61-109, must first be approved by two thirds (2/3) of the directors and then adopted by a vote representing a majority of all the members of the association.   However, if, at a meeting of the members of the association to which a proposed amendment has been submitted, a majority of the members are not present, then those present and also members voting by proxy may adjourn the meeting to a time and place certain, but not sooner than three (3) weeks from the time of adjournment. Prior to the convening of the adjourned meeting, notices shall be placed in a newspaper of general circulation in the place where the principal office of the association is located each week for three (3) weeks. These notices shall state the time, place, and purpose of the adjourned meeting. When the meeting reconvenes, the members present in person or by proxy shall constitute the quorum, and may take action on the proposed amendment by a majority vote of those represented, even if fewer than a majority of the total membership of the association.
TN Code § 43-16-114 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-114. Code of Bylaws — Provisions

 Each association incorporated under this chapter must, within thirty (30) days after its incorporation, adopt for its government and management, a code of bylaws, not inconsistent with the powers granted by this chapter. A majority vote of the members or stockholders, or their written assent, is necessary to adopt such bylaws. Each association, under its bylaws, may provide for any or all of the following matters:   The number of stockholders or members constituting a quorum;   The right of members or stockholders to vote by proxy or by mail, or both; and the conditions, manner, form, and effects of such votes;   The number of directors constituting a quorum;   The qualifications, compensation and duties and terms of office of directors and officers; time of their election and the mode and manner of giving notice thereof;   Penalties for violations of the bylaws;   The amount of entrance, organization, and membership fees, if any; the manner and method of collection of such fees; and the purposes for which they may be used;   The amount that each member or stockholder shall be required to pay annually or from time to time, if at all, to carry on the business of the association; the charge, if any, to be paid by each member or stockholder for services rendered by the association and the time of payment and the manner of collection; and the marketing contract between the association and its members or stockholders, which every member or stockholder may be required to sign; and   The number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock; the method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock; the manner of assignment and transfer of the interest of members and of the shares of common stock; the conditions upon which and the time when membership of any member shall cease; the automatic suspension of the rights of a member when the member ceases to be eligible to membership in the association; and the mode, manner and effect of the expulsion of a member; the manner of determining the value of a member's interest and provision for its purchase by the association upon the death or withdrawal of a member or stockholder, or upon the expulsion of a member or forfeiture of the member's membership, or, at the option of the association, the purchase at a price fixed by conclusive appraisal by the board of directors. In case of the withdrawal or expulsion of a member, the board of directors shall equitably and conclusively appraise the member's property interests in the association and shall fix the amount thereof in money, which shall be paid to the member within one (1) year after such expulsion or withdrawal.
TN Code § 43-16-115 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-115. Regular and Special Meetings — Notice — Provisions as to Notice

 In its bylaws, each association shall provide for one (1) or more regular meetings annually. The board of directors shall have the right to call a special meeting at any time; and ten percent (10%) of the members or stockholders may file a petition stating the specific business to be brought before the association and demand a special meeting at any time. A meeting must thereupon be called by the directors. Notice of all meetings, together with a statement of the purposes thereof, shall be mailed to each member at least ten (10) days prior to the meeting; provided, that the bylaws may require instead that notice may be given by publication in a newspaper of general circulation, published at the principal place of business of the association.
TN Code § 43-16-116 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-116. Management by Directors — District Directors — Bylaw Provisions as to Selection and Qualifications

  The affairs of the association shall be managed by a board of not less than five (5) directors, elected by the members or stockholders from their own number.   The bylaws may provide that the territory in which the association has members shall be divided into districts and that the directors shall be elected according to these districts, either directly or by district delegates elected by the members in that district. In such a case, the bylaws shall specify the number of directors to be elected by each district, the manner and method of reapportioning the directors and of redistricting the territory covered by the association. The bylaws may provide that primary elections shall be held in each district to elect the directors apportioned to the districts, and that the result of all such primary elections may be ratified by the next regular meeting of the association or may be considered final as to the association.   The bylaws may provide that one (1) or more directors may be appointed by any public official or commission or by the other directors selected by the members or their delegates. Such directors shall represent primarily the interest of the general public in such associations. The directors so appointed need not be members or stockholders of the association, but shall have the same powers and rights as other directors. Such directors shall not number more than one fifth (1/5) of the entire number of directors.
TN Code § 43-16-117 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-117. Remuneration of Officers, Directors, and Committeemen

 An association may provide a fair remuneration for the time actually spent by its officers and directors in its service and for the service of the members of its executive committee.
TN Code § 43-16-118 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-118. Directors Not to Be Interested in Contracts for Profit — Directors Occupying Positions in Association

 No director, during that director's term of office, shall be a party to a contract for profit with the association differing in any way from the business relations accorded regular members or holders of common stock of the association or others, or differing from terms generally current in that district. The bylaws may provide that no director shall occupy any position in the association, except the president and secretary, on regular salary or substantially full-time pay.
TN Code § 43-16-119 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-119. Executive Committee and Its Functions

 The bylaws may provide for an executive committee and may allot to such committee all the functions and powers of the board of directors, subject to the general direction and control of the board.
TN Code § 43-16-120 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-120. Vacancies in Board of Directors — Filling

 When a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board, by a majority vote, shall fill the vacancy, unless the bylaws provide for an election of directors by district stockholders. In that case, the board of directors shall immediately call a special meeting of the members or stockholders in that district to fill the vacancy.
TN Code § 43-16-121 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-121. Officers Elected by Directors — Treasurer

 The directors shall elect from their number a president and one (1) or more vice presidents. They shall also elect a secretary and a treasurer, who need not be directors or members of the association; and they may combine the two (2) latter offices and designate the combined office as secretary-treasurer; or unite both functions and titles in one (1) person. The treasurer may be a bank or any depository, and as such, shall not be considered as an officer, but as a function of the board of directors. In that case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as and where authorized by the board of directors.
TN Code § 43-16-122 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-122. Bonds — of Whom Required

 Every officer, employee, and agent handling funds or negotiable instruments or property of or for any association created under this chapter shall be required to execute and deliver adequate bond for the faithful performance of that person's duties and obligations.
TN Code § 43-16-123 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-123. Certificate of Membership

 A member of an association established without capital stock who has paid the membership fee in full shall receive a certificate of membership.
TN Code § 43-16-124 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-124. Stock — Issuance Upon Payment — Voting Right Unaffected Where Held as Security

 No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note; but such retention as security shall not affect the member's right to vote.
TN Code § 43-16-125 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-125. Liability of Members for Debts

 No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on the member's membership fee or the member's subscription to the capital stock, including any unpaid balance on any promissory notes given in payment of that amount.
TN Code § 43-16-126 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-126. Member or Stockholder Entitled to Only One Vote

 No member or stockholder shall be entitled to more than one (1) vote, regardless of the number of shares of common stock owned by that person.
TN Code § 43-16-127 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-127. Preferred Stock — Redemption or Retirement

 Any association organized with stock under this chapter may issue preferred stock, with or without the right to vote. Preferred stock may be sold to any person, member or nonmember, and may be redeemable or retireable by the association on such terms and conditions as may be provided for by the articles of incorporation and printed on the face of the certificate.
TN Code § 43-16-129 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-129. Purchase of Its Common Stock by Association

 The association may, at any time, as specified in the bylaws, except when the debts of the association exceed fifty percent (50%) of the assets of the association, buy in or purchase its common stock at the book value of the common stock, as conclusively determined by the board of directors, and pay for it in cash within one (1) year after the purchase.
TN Code § 43-16-130 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-130. Removal of Officers or Directors

 Any member may bring charges against an officer or director by filing them in writing with the secretary of the association, together with a petition signed by five percent (5%) of the members, requesting the removal of the officer or director in question. The removal shall be voted upon at the next regular or special meeting of the association and, by a vote of a majority of the members, the association may remove the officer or director, and fill the vacancy. The officer or director against whom the charges have been brought shall be informed in writing of the charges previous to the meeting and shall have an opportunity at the meeting to be heard in person or by counsel and to present witnesses; and the person or persons bringing the charges against the officer or director shall have the same opportunity.
TN Code § 43-16-131 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-131. Procedure for Removal of Directors Elected in a District

 In case the bylaws provide for election of directors by districts with primary elections in each district, then the petition for removal of a director must be signed by twenty percent (20%) of the members residing in the district from which the director was elected. The board of directors must call a special meeting of the members residing in that district to consider the removal of the directors; and by a vote of the majority of the members of that district, the director in question shall be removed from office.
TN Code § 43-16-132 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-132. Referendum of Policy Matters Upon Demand to Entire Membership

 Upon demand of one third (1/3) of the entire board of directors, made immediately and so recorded at the same meeting at which the original motion was passed, any matter of policy that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting; and a special meeting may be called for the purpose.
TN Code § 43-16-133 (2021)
2021 Tennessee Code|Title 43 - Agriculture and Horticulture|Chapter 16 - Cooperative Marketing Associations|§ 43-16-133. Marketing Contracts With Association

 The association and its members may make and execute marketing contracts, requiring the members to sell, for any period of time, not over ten (10) years, all or any specified part of their agricultural products or specified commodities exclusively to or through the association, or any facilities to be created by the association. If they contract a sale to the association, it shall be conclusively held that title to the products passes absolutely and unreservedly, except for recorded and statutory liens, to the association upon delivery. The contract may provide, among other things, that the association may sell or resell the products delivered by its members, with or without taking title thereto, and pay over to its members the resale price, after deducting all necessary selling, overhead, and other costs and expenses, including interest or dividends on stock, not exceeding eight percent (8%) per annum, and reserves for retiring the stock, if any; and other proper reserves; and/or any other deductions.