The secretary of state may commence a proceeding under § 43-38-1004 to dissolve administratively the cooperative if:

(1) The cooperative does not deliver its properly completed annual report to the secretary of state within two (2) months after it is due;

Terms Used In Tennessee Code 43-38-1003

  • Cooperative: means an association organized under this title conducting business on a cooperative plan as provided under this chapter. See Tennessee Code 43-38-103
  • Member: means a person or entity reflected on the books of the cooperative as the owner of governance rights of a membership interest of the cooperative and includes patron and nonpatron members. See Tennessee Code 43-38-103
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
  • Secretary of state: means the person who holds the office of secretary of state of Tennessee. See Tennessee Code 43-38-103
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(2) The cooperative is without a registered agent or registered office in this state for two (2) months or more;
(3) The name of a cooperative contained in a document filed pursuant to this chapter fails to comply with § 43-38-105;
(4) The cooperative does not notify the secretary of state within two (2) months that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued;
(5) The cooperative delivers to the secretary of state’s office a check, bank draft, money order or other such instrument for payment of any fee and it is dishonored upon presentation for payment; or
(6) A director, officer, member or other representative of a cooperative signs a document the person knew was false in any material respect with the intent that the document be delivered to the secretary of state for filing.
  Previous section
Next section  
 Part 10 Contents