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.
[Acts 1923, ch. 100, § 12; Shan. Supp., § 2534a41; Code 1932, § 3799; T.C.A. (orig. ed.), § 43-1817.]