{"data":{"id":"us-tn/tenn.-code-ann.-59-13-128","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 59-13-128","heading":"Purchase of common stock by association","body":"The association may, at any time, as specified in the bylaws, except when the debts of the association exceed fifty percent (50%) of the association's assets, buy in or purchase its common stock at book value, as conclusively determined by the board of directors, and pay for it in cash within one (1) year thereafter.","path":["TN Code","Title 59","Chapter 13"],"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":"db37a0738fd37f2d1a508ff01e12d300c207071f00085e02990877a4c8ff213f","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-59-13-127","next":"us-tn/tenn.-code-ann.-59-13-129"},"notice":"GroundRules: Original legal text. Not legal advice."}