HB1878 allows industrial development corporations in Tennessee to merge with other corporations for public benefit.
HB1878 amends Tennessee Code to enable industrial development corporations to merge with other corporations if necessary or convenient for their purposes. The board of directors can initiate such mergers following the procedures for public benefit corporations. This act becomes effective immediately upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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