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Section 48-101-111 - Duration of membership - Withdrawal — Tennessee Law | CourtGPT
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  8. Section 48-101-111 - Duration of membership - Withdrawal
Tennessee Legal Code

Section 48-101-111 - Duration of membership - Withdrawal

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Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation three (3) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice. A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the withdrawal of the member.Acts 1959, ch. 170, § 7; T.C.A., §§ 48-1711, 48-3-111.