Tennessee Statutes
§ 12-2-305 — Provision in lease to convey title upon retirement of obligations
Tennessee·Title 12
Every lease and sublease made by a municipality with a not-for-profit corporation under § 12-2-302(3) shall include a provision requiring such not-for-profit corporation to transfer and convey all of its right, title and interest in and to the project covered thereby immediately upon the payment and retirement of all bonds and other obligations issued by such not-for-profit corporation for the purpose of financing the cost of such project.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 12-2-305 (Provision in lease to convey title upon retirement of obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1965, ch. 328, § 5; impl. am. Acts 1968, ch. 523, § 1 (17.06); T.C.A., § 12-233.
Nearby Sections
15
§ 12-1-101
Acceptance of gifts§ 12-1-103
Commission to purchase federal property§ 12-1-104
Federal improvements on state land§ 12-1-105
Payment for federal property§ 12-1-106
Land acquired by commissioner - Payment§ 12-1-107
Application for purchase of land§ 12-1-108
Condemnation request§ 12-1-110
Joint purchase of art§ 12-1-201
Purpose of part§ 12-1-202
Part definitions§ 12-1-204
Effect of taking on property valuation