43-16-119 - Executive committee and its functions.
43-16-119. Executive committee and its functions.
The bylaws may provide for an executive committee and may allot to such committee all the functions and powers of the board of directors, subject to the general direction and control of the board.
[Acts 1923, ch. 100, § 12; Shan. Supp., § 2534a43; Code 1932, § 3801; T.C.A. (orig. ed.), § 43-1819.]