2018 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 30 - Tennessee Local Land Bank Program
§ 13-30-107. Corporate authority to create land bank for real property -- Compliance with state law, ethical standards, and open records provisions.

Universal Citation: TN Code § 13-30-107 (2018)
  • (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 members, appointees, employees and/or paid advisors of the corporation created, appointed or employed, with or without pay, pursuant to this chapter are subject to title 8, chapter 17, and may not be exempted on the basis of any corporate board governance rules or bylaws.

  • (d) All meetings of the board of directors of the corporation and/or its employees are subject to title 8, chapter 44, and may not be exempted on the basis of the corporate board governance rules or bylaws.

  • (e) All corporate records are subject to §§ 10-7-503 -- 10-7-505, and may not be exempted on the basis of any corporate board governance rules or bylaws.

Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.