2018 Tennessee Code
Title 48 - Corporations and Associations
For-Profit Business Corporations
Chapter 17 - Shareholders
Part 1 - Meetings
§ 48-17-107. Record date.

Universal Citation: TN Code § 48-17-107 (2018)
  • (a) The bylaws may fix or provide the manner of fixing the record date for one (1) or more voting groups in order to determine the shareholders entitled to notice of a shareholders' meeting, to demand a special meeting, to vote, or to take any other action. If the bylaws do not fix or provide for fixing a record date, the board of directors of the corporation may fix a future date as the record date.

  • (b) A record date fixed under this section may not be more than seventy (70) days before the meeting or action requiring a determination of shareholders.

  • (c) A determination of shareholders entitled to notice of or vote at a shareholders' meeting is effective for any adjournment of the meeting unless the board of directors fixes a new record date, which it must do if the meeting is adjourned to a date more than four (4) months after the date fixed for the original meeting.

  • (d) If a court orders a meeting adjourned to a date more than four (4) months after the date fixed for the original meeting, it may provide that the original record date continues in effect or it may fix a new record date.

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