2023 Tennessee Code
Title 48 - CORPORATIONS AND ASSOCIATIONS (§§ 48-1-101 — 48-250-115)
NONPROFIT CORPORATIONS (§§ 48-51-101 — 48-69-123)
Chapter 61 - MERGER (§§ 48-61-101 — 48-61-124)
Section 48-61-119 - Conversion of domestic nonprofit corporation to foreign for -profit corporation - Articles of charter surrender

• (a) Whenever a domestic nonprofit corporation has adopted and approved, in the manner required by this chapter, a plan of for-profit conversion providing for the corporation to be converted to a foreign for-profit corporation, articles of charter surrender shall be executed on behalf of the corporation by any officer or other duly authorized representative. The articles of charter surrender shall set forth:
  • (1) The name of the corporation;
  • (2) A statement that the articles of charter surrender are being filed in connection with the conversion of the corporation to a foreign for-profit corporation;
  • (3) A statement that the foreign for-profit conversion was duly approved by the members in the manner required by this section and the charter; and
  • (4) The corporation's new jurisdiction of incorporation.

• (b) The articles of charter surrender shall be delivered by the corporation to the secretary of state for filing together with the required filing fee in accordance with § 48-51-303. The articles of charter surrender shall take effect on the effective time provided in § 48-51-304.

Added by 2014 Tenn. Acts, ch. 899, s 72, eff. 1/1/2015.