Statutes > Tennessee Statutes > Title 59 - Mines And Mining > Chapter 13 - Coal Cooperative Marketing Associations > 59-13-127 - Prohibited transfer of common stock.

59-13-127 - Prohibited transfer of common stock.

59-13-127. Prohibited transfer of common stock.

The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of coal or coal products handled by the association; and such restrictions must be printed upon every certificate of stock subject thereof.

[Acts 1984, ch. 864, § 27.]