Tennessee § 59-13-126 - Preferred stock.
Full text of Tennessee Tennessee Code Annotated § 59-13-126 — Preferred stock., with citation guidance and answers to common questions.
§ 59-13-126. Preferred stock.
Any association organized with stock under this chapter may issue preferred stock, with or without the right to vote. Such stock may be sold to any person, member or nonmember, and may be redeemable or retireable by the association on such terms and conditions as may be provided for by the articles of incorporation and printed on the face of the certificate. Acts 1984, ch. 864, § 26. Cross-References. Division of capital stock into preferred and common stock, § 59-13-110 .
Frequently Asked Questions About Tennessee § 59-13-126
What does Tennessee Code Annotated § 59-13-126 cover?
Section 59-13-126 ("Preferred stock.") 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 § 59-13-126?
A common citation format is "Tennessee Code Annotated § 59-13-126" (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 § 59-13-126 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.