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30 chapters · 518 sections in this title.
Tenn. Code Ann. § 13-30-104 Creating corporation — Funding
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(a) (1) Any local government shall have the authority to create a corporation which is authorized to operate a land bank within the jurisdictional boundaries of the local government establishing the corporation.(2) The corporation is declared to be performing a public function on…
Tenn. Code Ann. § 13-30-105 Board of directors
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(a) The corporation shall have a board of directors in which all powers of the corporation shall be vested. Such board shall consist of any number of directors, no fewer than five (5), all of whom shall be duly qualified electors of and taxpayers in the creating local government …
Tenn. Code Ann. § 13-30-106 Quorum for transaction of business — Officers — Rules and regulations — Removal of board members — Compensation — Meetings — Majority approval for actions of the board — No proxy voting
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(a) A majority of the board of the corporation shall constitute a quorum for the transaction of any business. Unless a greater number or percentage is required by state law, the vote of a simple majority of the directors present at any meeting at which a quorum is present shall b…
Tenn. Code Ann. § 13-30-107 Corporate authority to create land bank for real property — Compliance with state law, ethical standards, and open records provisions
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(a) The corporation, once created, shall have the authority to create a land bank for real property located within the boundaries of the creating local government or local governments. (b) No rules or bylaws created by the corporation may contravene state law. (c) All board membe…
