Statutes > Tennessee Statutes > Title 43 - Agriculture And Horticulture > Chapter 16 - Cooperative Marketing Associations > 43-16-104 - Nonprofit cooperative association Persons entitled to form.

43-16-104 - Nonprofit cooperative association Persons entitled to form.

43-16-104. Nonprofit cooperative association Persons entitled to form.

Eleven (11) or more persons, a majority of whom are residents of this state, engaged in the production of agricultural products, may form a nonprofit, cooperative association, with or without capital stock, under this chapter.

[Acts 1923, ch. 100, § 3; Shan. Supp., § 2534a28; Code 1932, § 3786; T.C.A. (orig. ed.), § 43-1804.]