Real Property - As introduced, expands existing statutory authority of a masonic lodge to take real property by deed by extending the same authority to a masonic lodge-sponsored corporation or limited liability company that is created for such purpose; authorizes a masonic lodge-sponsored corporation or limited liability company to lease or rent real or personal property to a masonic lodge or other entity. - Amends TCA Title 48, Chapter 102.

Summary

The bill expands Tennessee law so a Masonic lodge can acquire land or buildings through purchase or gift, and it adds the same powers to a corporation or limited liability company created by the lodge. It also permits those sponsor entities to lease or rent property to the lodge or other parties. This change aims to give lodges more flexibility in managing their facilities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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