Tennessee § 12-2-303 Municipality's liability under lease - Actions by not-for-profit corporations as lessors

Tennessee Statutes

§ 12-2-303 — Municipality's liability under lease - Actions by not-for-profit corporations as lessors

The municipality shall be liable for accrued rentals and for any other default under any lease or sublease made under § 12-2-302(3) , and may be sued therefor on contract as in other contract actions, except that it shall not be necessary for the not-for-profit corporation, as lessor, under any such lease or sublease or any assignee of such lessor or any person or legal entity proceeding on behalf of such lessor to file any claim or take any other action or proceeding prior to the commencement of any such action.

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The municipality shall be liable for accrued rentals and for any other default under any lease or sublease made under § 12-2-302(3) , and may be sued therefor on contract as in other contract actions, except that it shall not be necessary for the not-for-profit corporation, as lessor, under any such lease or sublease or any assignee of such lessor or any person or legal entity proceeding on behalf of such lessor to file any claim or take any other action or proceeding prior to the commencement of any such action.

Tennessee § 12-2-303 (Municipality's liability under lease - Actions by not-for-profit corporations as lessors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.