2010 Tennessee Code
Title 48 - Corporations And Associations
Chapter 101 - Special Purpose Corporations and Associations
Part 6 - Professional Corporation Act
48-101-619 - Proxy to vote shares.
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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