Tennessee Code 59-13-127 – Prohibited transfer of common stock
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Terms Used In Tennessee Code 59-13-127
- Association: means any corporation organized under this chapter. See Tennessee Code 59-13-103
- Coal: means coal and all of its derivatives. See Tennessee Code 59-13-103
The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of coal or coal products handled by the association; and such restrictions must be printed upon every certificate of stock subject thereof.