Tennessee § 43-38-506 - When assignment of financial and governance rights effective.
Full text of Tennessee Tennessee Code Annotated § 43-38-506 — When assignment of financial and governance rights effective., with citation guidance and answers to common questions.
§ 43-38-506. When assignment of financial and governance rights effective.
Any permissible assignment of financial rights under § 43-38-503 and of governance rights under § 43-38-504 will be effective as to and binding upon the cooperative only when the assignee's name, address, social security or taxpayer identification number and the nature and extent of the assignment are reflected in the required records of the cooperative. Acts 2004, ch. 534, § 17.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 43-38-506
What does Tennessee Code Annotated § 43-38-506 cover?
Section 43-38-506 ("When assignment of financial and governance rights effective.") 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 § 43-38-506?
A common citation format is "Tennessee Code Annotated § 43-38-506" (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 § 43-38-506 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.