Industrial Development - As enacted, revises law relative to industrial development corporations. - Amends TCA Title 7 and Title 48.

Summary

The bill amends Tennessee law to let the board of an industrial development corporation initiate a merger with another corporation, using the procedures set for public benefit corporations. It re‑labels the existing provision as subsection (b) and adds the new merger authority as subsection (a). The amendment takes effect immediately upon enactment.

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