§ 4-13-105 — Revocation of trust conveyance

Tennessee § 4-13-105

• Jurisdiction: Tennessee
• Title: 4

Text

(a) In the event the association should at any time fail, neglect or refuse to preserve and beautify the premises as provided in § 4-13-102 or, in the event the association should fail to comply with the terms, conditions and reporting requirements of this part, or for any other reason, the state may revoke this trust, and, the property conveyed to the association by § 4-13-101 or acquired pursuant to § 4-13-102 shall revert and go back to the state without compensation to the association or any other person or persons, and the state shall not be required to pay any money whatever for any improvements that may have been erected on the land conveyed herein in trust. (b) In the event that the state decides to revoke this trust conveyance, it shall transmit to the association notice thereof signed by the governor or the governor's designee, the attorney general and reporter, the comptroller of the treasury, and the speakers of the senate and house of representatives, such notice to be effective upon receipt.

Legislative History

Acts 1937, ch. 120, § 1; C. Supp. 1950, § 4988.1; T.C.A. (orig. ed.), § 4-1303; Acts 1983, ch. 96, §§ 3, 4; 1990, ch. 893, § 6.