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TENNESSEE STATUTES AND CODES
48-56-201 - Differences in rights and obligations of members.
48-56-201. Differences in rights and obligations of members.
All members have the same rights and obligations with respect to voting, dissolution, redemption and transfer, unless the charter or bylaws establish classes of membership with different rights or obligations. All members have the same rights and obligations with respect to any other matters, except as set forth in or authorized by the charter or bylaws.
[Acts 1987, ch. 242, § 6.20.]
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