{"data":{"id":"us-tn/tenn.-code-ann.-43-38-405","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 43-38-405","heading":"Court ordered plan of reorganization","body":"(a) A cooperative's articles may be amended without action by the board of directors or members to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute, if the articles after amendment contain only provisions required or permitted by § 43-38-203 . (b) The individual or individuals designated by the court shall deliver to the secretary of state for filing articles of amendment setting forth: (1) The name of the cooperative; (2) The text of each amendment approved by the court; (3) The date of the court's order or decree approving the articles of amendment; (4) The title of the reorganization proceeding in which the order or decree was entered; and (5) A statement that the court had jurisdiction of the proceeding under federal statute. (c) Members of a cooperative undergoing reorganization do not have dissenters' rights, except as and to the extent provided in the reorganization plan. (d) This section does not apply after entry of a final decree in the reorganization proceedings, even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan. Acts 2004, ch. 534, § 9.\n(a) A cooperative's articles may be amended without action by the board of directors or members to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute, if the articles after amendment contain only provisions required or permitted by § 43-38-203 .\n(b) The individual or individuals designated by the court shall deliver to the secretary of state for filing articles of amendment setting forth: (1) The name of the cooperative; (2) The text of each amendment approved by the court; (3) The date of the court's order or decree approving the articles of amendment; (4) The title of the reorganization proceeding in which the order or decree was entered; and (5) A statement that the court had jurisdiction of the proceeding under federal statute.\n(1) The name of the cooperative;\n(2) The text of each amendment approved by the court;\n(3) The date of the court's order or decree approving the articles of amendment;\n(4) The title of the reorganization proceeding in which the order or decree was entered; and\n(5) A statement that the court had jurisdiction of the proceeding under federal statute.\n(c) Members of a cooperative undergoing reorganization do not have dissenters' rights, except as and to the extent provided in the reorganization plan.\n(d) This section does not apply after entry of a final decree in the reorganization proceedings, even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.","path":["TN Code","Title 43","Chapter 38"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"b984a552aaee6aac18aa65867626bae06662ad4101bb5edae6c76c4c9ddb632b","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-43-38-404","next":"us-tn/tenn.-code-ann.-43-38-406"},"notice":"GroundRules: Original legal text. Not legal advice."}