43-16-115 - Regular and special meetings Notice Provisions as to notice. - Tennessee Statutes

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.

[Acts 1923, ch. 100, § 11; Shan. Supp., § 2534a39; Code 1932, § 3797; T.C.A. (orig. ed.), § 43-1815.]