Tennessee Statutes
§ 49-3-408 — Nonprofit corporation for administrative services
Tennessee·Title 49
(a)The trustees are authorized to create a nonprofit corporation in accordance with the Tennessee Nonprofit Corporation Act, compiled in title 48, chapters 51-68, and after such incorporation, to apply for tax exempt status under 26 U.S.C. § 501(c)(3) .
(b)The corporation has all the rights and powers of a nonprofit corporation under the Tennessee Nonprofit Corporation Act, and has such powers as are necessary to carry out the intent of this part, including, but not limited to, the solicitation of contributions and disbursement of funds.
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Related
§ 501
26 U.S.C. § 501
Legislative History
Amended by 2019 Tenn. Acts, ch. 379,s 9, eff. 5/10/2019. Amended by 2018 Tenn. Acts, ch. 654,s 10, eff. 4/9/2018. Acts 1988, ch. 624, § 2.
Nearby Sections
15
§ 49-1-1001
Short title§ 49-1-1002
Guidelines and standards - Requirements§ 49-1-1004
§ 49-1-1004§ 49-1-1006
§ 49-1-1006§ 49-1-1007
Report - Publication§ 49-1-1008
§ 49-1-1008§ 49-1-101
System established§ 49-1-102
Administration generally§ 49-1-103
Title definitions§ 49-1-106
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