Tennessee § 6-52-302 Failure to exercise corporate powers

Tennessee Statutes

§ 6-52-302 — Failure to exercise corporate powers

Tennessee § 6-52-302

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This text of Tennessee § 6-52-302 (Failure to exercise corporate powers) 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. § 6-52-302 (2026).

Text

"Failure to exercise corporate powers" under § 6-52-301 shall include either subdivisions (1)(A)-

(C)combined, or subdivision (2) alone:

(1)(A) Failure to elect a mayor or legislative body, or both, for more than one (1) year after the time fixed for such elections; and (B) Failure to levy and collect any municipal ad valorem property taxes for a period of three (3) successive years; and (C) Failure to expend any funds for municipal purposes or adopt a budget for municipal expenditures for a period of three (3) successive years; or (2) Failure to hold any municipal elections for more than twenty (20) years.

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"Failure to exercise corporate powers" under § 6-52-301 shall include either subdivisions (1)(A)-(C) combined, or subdivision (2) alone: (1) (A) Failure to elect a mayor or legislative body, or both, for more than one (1) year after the time fixed for such elections; and (B) Failure to levy and collect any municipal ad valorem property taxes for a period of three (3) successive years; and (C) Failure to expend any funds for municipal purposes or adopt a budget for municipal expenditures for a period of three (3) successive years; or (2) Failure to hold any municipal elections for more than twenty (20) years.