Tenn. Code § 48-101-619

Current through Acts 2023-2024, ch. 1069
Section 48-101-619 - Proxy to vote shares
(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.
(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection (b) continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

T.C.A. § 48-101-619

Acts 1992, ch. 698, § 1; T.C.A., § 48-3-619.