Tennessee Statutes
§ 6-18-112 — Succession to assets, liabilities and obligations after surrender of charter
Tennessee·Title 6
In case of a reversion to a former form of charter or adoption of a new one simultaneously with the surrender of the old, all assets, liabilities and obligations of such city shall become assets, liabilities and obligations of the new municipality, and in the event that a city shall revert to an unincorporated status, the governing body of such city thereupon shall become trustees of the property and funds of such former city and, under such bonds as may be required by the county legislative body, shall proceed to terminate the affairs of the city and dispose of its property.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 6-18-112 (Succession to assets, liabilities and obligations after surrender of charter) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1951, ch. 92, § 1; impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 6-1812.
Nearby Sections
15
§ 6-1-101
Charter definitions§ 6-1-202
Election to adopt charter§ 6-1-205
Effect of vote§ 6-1-206
Certification to secretary of state§ 6-1-208
Succession to old corporation§ 6-1-209
Sample petition for adoption§ 6-1-210
General validation provision§ 6-1-301
Surrender of charter