Tennessee § 13-14-202 Community-based development organization defined

Tennessee Statutes

§ 13-14-202 — Community-based development organization defined

Tennessee § 13-14-202

Title13

This text of Tennessee § 13-14-202 (Community-based development organization defined) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 13-14-202 (2026).

Text

A community-based development organization is an organization that:

(1)Is established under the state charter provisions of the Tennessee Code;

(2)Has qualified for tax exempt status under § 501(c)(3) of the Internal Revenue Code ( 26 U.S.C. § 501(c)(3) );

(3)Has a purpose, stated in the articles of incorporation, to serve low and moderate income people's need for community development and community self-help;

(4)Was not organized and is not controlled by governmental entities or agents; and (5) Was not organized and is not controlled by a for-profit entity or agent.

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A community-based development organization is an organization that: (1) Is established under the state charter provisions of the Tennessee Code; (2) Has qualified for tax exempt status under § 501(c)(3) of the Internal Revenue Code ( 26 U.S.C. § 501(c)(3) ); (3) Has a purpose, stated in the articles of incorporation, to serve low and moderate income people's need for community development and community self-help; (4) Was not organized and is not controlled by governmental entities or agents; and (5) Was not organized and is not controlled by a for-profit entity or agent.