{"data":{"id":"us-tn/tenn.-code-ann.-43-38-801","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 43-38-801","heading":"Part definitions","body":"As used in this part, unless the context otherwise requires: (1) \"Cooperative\" means a cooperative whose members have obtained rights to dissent under § 43-38-802(a) , and includes any successor by merger; (2) \"Dissenter\" means a member who is entitled to dissent from cooperative action under § 43-38-802(a) and who exercises that right when and in the manner required under this part; (3) \"Fair value\" means the value of the dissenter's membership interest of a cooperative immediately before the effective date of the cooperative action referred to in § 43-38-802(a) , excluding any appreciation or depreciation in anticipation of the cooperative action; (4) \"Interest\" means interest from the effective date of the action referred to in § 43-38-802(a) that gave rise to the member's right to dissent until the date of payment, at the average auction rate paid on United States treasury bills with a maturity of six (6) months, or the closest maturity to that date, as of the auction date for such treasury bills closest to the effective date; and (5) \"Member\" includes a former member when dissenter's rights exist because: (A) The membership of the former member has terminated causing dissolution; and (B) The dissolved cooperative has then entered into a merger under § 43-38-122 or § 43-38-123 . Acts 2004, ch. 534, § 27.\nAs used in this part, unless the context otherwise requires:\n(1) \"Cooperative\" means a cooperative whose members have obtained rights to dissent under § 43-38-802(a) , and includes any successor by merger;\n(2) \"Dissenter\" means a member who is entitled to dissent from cooperative action under § 43-38-802(a) and who exercises that right when and in the manner required under this part;\n(3) \"Fair value\" means the value of the dissenter's membership interest of a cooperative immediately before the effective date of the cooperative action referred to in § 43-38-802(a) , excluding any appreciation or depreciation in anticipation of the cooperative action;\n(4) \"Interest\" means interest from the effective date of the action referred to in § 43-38-802(a) that gave rise to the member's right to dissent until the date of payment, at the average auction rate paid on United States treasury bills with a maturity of six (6) months, or the closest maturity to that date, as of the auction date for such treasury bills closest to the effective date; and\n(5) \"Member\" includes a former member when dissenter's rights exist because: (A) The membership of the former member has terminated causing dissolution; and (B) The dissolved cooperative has then entered into a merger under § 43-38-122 or § 43-38-123 .\n(A) The membership of the former member has terminated causing dissolution; and\n(B) The dissolved cooperative has then entered into a merger under § 43-38-122 or § 43-38-123 .","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":"9038b05302d5a3a2dceaaa232558840ad97911aa910875201eb70c5c4ddaf98c","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-43-38-705","next":"us-tn/tenn.-code-ann.-43-38-802"},"notice":"GroundRules: Original legal text. Not legal advice."}