Tenn. Comp. R. & Regs. 0780-01-27-.24

Current through December 10, 2024

Section 0780-01-27-.24 - FAILURE TO ACCEPT

If a Director shall fail to accept election, in writing, as required by this Chapter 0780-1-27 within thirty (30) days after his election, it shall be presumptively assumed that such director has refused to accept such election and that a vacancy exists in the board of directors by reason of such refusal.

Tenn. Comp. R. & Regs. 0780-01-27-.24

Original Rule certified June 10, 1974.

Authority: T.C.A. §45-1303.