43-16-141 - Association may contract with other cooperative associations. - Tennessee Statutes

43-16-141. Association may contract with other cooperative associations.

(a)  Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements, and make all necessary and proper stipulations, agreements, and contracts and arrangements with any other cooperative corporation, association, or associations, formed in this or in any other state, for the cooperative and more economical carrying on of its business or any part or parts of its business.

(b)  Any two (2) or more associations may, by agreement between them, unite in employing and using or may separately employ and use the same personnel, methods, means and agencies for carrying on and conducting their respective businesses.

[Acts 1923, ch. 100, § 24; Shan. Supp., § 2534a66; Code 1932, § 3824; T.C.A. (orig. ed.), § 43-1842.]