Tennessee Code 7-54-114 – Director as employee prohibited
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 7-54-114
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
No member of the board of directors of a not-for-profit corporation acting for the benefit or on behalf of any one (1) or more of counties, cities, towns, and local governments under this chapter may, during such member’s term, be an employee of such corporation.