Tennessee Statutes
§ 7-36-125 — Assets after cessation of existence of authority
Tennessee § 7-36-125
JurisdictionTennessee
Title7
This text of Tennessee § 7-36-125 (Assets after cessation of existence of authority) 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. § 7-36-125 (2026).
Text
If the authority ceases to exist, or in the event of the sale of all or substantially all of the assets of the electric system of the authority, all of its assets remaining after all of its obligations and liabilities have been satisfied or discharged shall pass to, and become the property of, the associated municipality.
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Legislative History
Added by 2016 Tenn. Acts, ch. 995,s 1, eff. 4/27/2016.
Nearby Sections
15
§ 7-1-101
Definitions - Chapters 1-6§ 7-1-103
Consolidation of functions§ 7-1-105
Civil districts§ 7-2-102
Election of membersCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 7-36-125, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/7-36-125.