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2021 Tennessee Code
Title 56 - Insurance
Chapter 18 - Mutual Life Insurance Companies
§ 56-18-104. Division of Board of Directors — Classification — Terms
Universal Citation: TN Code § 56-18-104 (2021)
In order to secure continuity of membership in its board of directors, the bylaws of the corporation may provide for division of the board into no more than seven (7) classes as nearly equal in number as possible, and may fix the term of office for each class. Unless such provision is made in the bylaws, all directors shall be elected annually.
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