Section 56-16-119 - Service on board of directors by persons who perform legal or professional service

Section 56-3-103 shall not bar a person who performs legal or other professional services for a reciprocal from serving as a member of the board of directors, or committee of the board, or as an officer of the reciprocal because the person receives payment for legal or other professional services rendered to the reciprocal. Acts 1997, ch. 58, § 1; T.C.A. § 56-16-210.