Tennessee § 43-16-121 - Officers elected by directors — Treasurer.
Full text of Tennessee Tennessee Code Annotated § 43-16-121 — Officers elected by directors — Treasurer., with citation guidance and answers to common questions.
§ 43-16-121. Officers elected by directors — Treasurer.
The directors shall elect from their number a president and one (1) or more vice presidents. They shall also elect a secretary and a treasurer, who need not be directors or members of the association; and they may combine the two (2) latter offices and designate the combined office as secretary-treasurer; or unite both functions and titles in one (1) person. The treasurer may be a bank or any depository, and as such, shall not be considered as an officer, but as a function of the board of directors. In that case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as and where authorized by the board of directors. Acts 1923, ch. 100, § 13; Shan. Supp., § 2534a45; Code 1932, § 3803; T.C.A. (orig. ed.), § 43-1821.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 43-16-121
What does Tennessee Code Annotated § 43-16-121 cover?
Section 43-16-121 ("Officers elected by directors — Treasurer.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 43-16-121?
A common citation format is "Tennessee Code Annotated § 43-16-121" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 43-16-121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.