48-101-619 - Proxy to vote shares. - Tennessee Statutes

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48-101-619. Proxy to vote shares.

(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

[Acts 1992, ch. 698, § 1; T.C.A., § 48-3-619.]

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-101 > Part-6 > 48-101-619

48-101-619. Proxy to vote shares.

(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

[Acts 1992, ch. 698, § 1; T.C.A., § 48-3-619.]

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State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-101 > Part-6 > 48-101-619

48-101-619. Proxy to vote shares.

(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten (10) months after the date of death or for five (5) months after the disqualification occurred.

[Acts 1992, ch. 698, § 1; T.C.A., § 48-3-619.]