Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-27 - Operation of State Chartered Building and Loan Associations
Section 0780-01-27-.24 - FAILURE TO ACCEPT
Universal Citation: TN Comp Rules and Regs 0780-01-27-.24
Current through September 24, 2024
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.
Authority: T.C.A. §45-1303.
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