HOUSE BILL NO. 1142

By Representative Fowlkes

Substituted for: Senate Bill No. 519

By Senator Rochelle

AN ACT to amend Tennessee Code Annotated, Title 56, Chapter 16, Part 2, relative to reciprocals.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Title 56, Chapter 16, Part 2, is amended by adding the following as a new appropriately designated section:

The provisions of Tennessee Code Annotated, Section 56-3-103, shall not bar a person who performs legal or other professional services for a reciprocal from serving as a member of the board of directors, or committee thereof, or as an officer of such reciprocal because such person receives payment for legal or other professional services rendered to such reciprocal.

SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.