Though no one associated with the LMH would ever want it to be sold, the Tennessee Code requires Club Payne to have a formula for Dissolution Rights. In short, a way of dividing up the money in the event the property ever has to be sold. Our new Bylaws call for calculating these rights according [read more…]
2017 Club Payne Bylaw Revision
In 1965, our parents and grandparents, the children of Byrd and A Payne, formed the Payne Company to own and maintain the family homestead at Lone Mountain. In 2009, the Payne Company formed Club Payne to accomplish that task among a growing and widely dispersed Payne Family. In early 2017 the 2009 Club Payne Bylaws [read more…]