Corporations, Not for Profit - As enacted, establishes the county where a public benefit or mutual benefit corporation has the corporation's principal office or, if the corporation does not have a principal office located in this state, the corporation's registered office, as a venue for a proceeding by the attorney general and reporter to dissolve the corporation; establishes additional locations as venues for proceedings to dissolve a corporation by the attorney general and reporter or othe...

Summary

The bill changes Tennessee law to define which counties can serve as venues for the attorney general and reporter to bring a dissolution action against a public benefit or mutual benefit corporation. It expands venue to any county where the corporation has a principal or registered office, conducts activities, or where the attorney general’s office is located, plus three specific counties. This affects nonprofit corporations and clarifies where legal actions can be filed.

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