§ 43-38-1003. Grounds for Administrative Dissolution
The secretary of state may commence a proceeding under § 43-38-1004 to dissolve administratively the cooperative if: The cooperative does not deliver its properly completed annual report to the secretary of state within two (2) months after it is due; The cooperative is without a registered agent or registered office in this state for two […]
§ 43-38-1004. Procedure for and Effect of Administrative Dissolution
If the secretary of state determines that one (1) or more grounds exist under § 43-38-1003 for dissolving a cooperative, the secretary of state shall serve the cooperative with written communication of the secretary of state’s determination in accordance with §§ 43-38-110 and 43-38-111, except that the determination may be sent by first class mail. […]
§ 43-38-1005. Reinstatement Following Administrative Dissolution
A cooperative administratively dissolved under § 43-38-1004 may apply to the secretary of state for reinstatement following administrative dissolution. The application must: Recite the name of the cooperative at the date of its administrative dissolution; State that the ground or grounds for dissolution either did not exist or have been eliminated; and State a cooperative […]
§ 43-38-1006. Appeal From Denial of Reinstatement
If the secretary of state denies a cooperative’s application for reinstatement following administrative dissolution, the secretary of state shall serve the cooperative under §§ 43-38-110 and 43-38-111 with a written notice that explains the reason or reasons for denial. The cooperative may appeal the denial of reinstatement to the chancery court of Davidson County within […]
§ 43-38-1007. Articles of Termination Following Administrative Dissolution
When a cooperative that has been administratively dissolved wishes to terminate its existence, it may do so without first being reinstated, by delivering to the secretary of state for filing articles of termination following administrative dissolution setting forth: The name of the cooperative; The date that termination of cooperative existence was authorized; That the resolution […]
§ 43-38-1008. Filing Notice of Dissolution and Effect
If dissolution of the cooperative is approved pursuant to § 43-38-1002(a), the cooperative shall file with the secretary of state a notice of dissolution that contains: The name of the cooperative; and If the dissolution is approved pursuant to § 43-38-1002(f), the date of the meeting at which the resolution was approved, and a statement […]
§ 43-38-1009. Collection and Payment of Debts — Transfer of Assets — Distribution to Members
After the notice of intent to dissolve has been filed with the secretary of state, the board, or the officers acting under the direction of the board, shall proceed as soon as possible to: Collect or make provision for the collection of all debts due or owing to the cooperative, including unpaid subscriptions for shares; […]