2019 Tennessee Code
Title 48 - Corporations and Associations
Nonprofit Corporations
Chapter 53 - Purposes and Powers
Part 2 - Nonprofit Fair Asset Protection Act
§ 48-53-202. Nonprofit fair asset protection.
- Notwithstanding any provision of law to the contrary, it is unlawful for:
(1) A national nonprofit corporation that has received a charter under 36 U.S.C. Subt. II, Pt. B, to terminate, revoke, suspend, or fail to renew a license or charter affiliating a Tennessee nonprofit corporation with the national nonprofit corporation absent good cause;
(2) A national nonprofit corporation that has received a charter under 36 U.S.C. Subt. II, Pt. B, to discriminate against a licensed or chartered affiliated Tennessee nonprofit corporation by imposing requirements not imposed on other similarly situated affiliates of the national nonprofit corporation; or
(3) A national nonprofit corporation that has received a charter under 36 U.S.C. Subt. II, Pt. B, to act indirectly to accomplish what would be otherwise prohibited under this part.
