59-13-130 - Referral of policy to membership. - Tennessee Statutes

59-13-130. Referral of policy to membership.

Upon demand of two thirds (2/3) 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.

[Acts 1984, ch. 864, § 30.]