reglab/housing_qa huggingface dataset:
TN Code § 48-68-205 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-205. Published Written Notice

  Within five (5) days after giving written notice pursuant to § 48-68-203, the public benefit hospital entity shall cause the written notice to be published in one (1) or more newspapers of general circulation that are published in the county of the public benefit hospital entity. The published written notice shall contain:  The text of the written notice provided to the attorney general and reporter under § 48-68-203; and   The following statements:  “This notice is provided pursuant to Tennessee Code Annotated, Title 48, Chapter 68, Part 2”; and   “Any interested party wishing to provide written comment may submit the written comment directly to the Attorney General and Reporter, Antitrust Division, 425 Fifth Avenue North, Nashville, Tennessee 37243”.       A failure by the public benefit hospital entity giving notice under § 48-68-203 to provide a published written notice as required by subsection (a) shall be a sufficient ground for the attorney general and reporter to object to the proposed public benefit hospital conveyance transaction.
TN Code § 48-68-207 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-207. Determination of Whether the Transaction Will Have Effect on Availability or Accessibility to Health Care Services

 In making a decision whether to object to a public benefit hospital conveyance transaction, the attorney general and reporter shall also determine whether the proposed public benefit hospital conveyance transaction may have a significant effect on the availability or accessibility of health care services to the affected community. In making this determination, the attorney general and reporter shall consider:   Whether sufficient safeguards are included to assure the affected community continued access to affordable care;   Whether the proposed public benefit hospital conveyance transaction creates or has the likelihood of creating an adverse effect on the access to or availability or cost of health care services to the community;   Whether the acquiring entities have made a commitment, at least comparable to the public benefit hospital entity, to provide health care to the disadvantaged, the uninsured and the underinsured, and to provide benefits to the affected community to promote improved health care. Activities and funding provided by the public benefit hospital entity or its successor public benefit hospital entity or foundation to provide such health care or to provide support or medical education and teaching programs or medical research programs shall be considered in evaluating compliance with this commitment;   Whether the public benefit hospital conveyance transaction will result in the revocation of hospital privileges;   Whether sufficient safeguards are included to maintain appropriate capacity for health science research and health care provider education; and   Whether the proposed public benefit hospital conveyance transaction demonstrates that the public interest will be served considering the essential medical services needed to provide safe and adequate treatment, appropriate access and balanced health care delivery to the residents.
TN Code § 48-68-208 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-208. Providing Sufficient Information to Complete Review of the Transaction

 The attorney general and reporter may demand that the public benefit hospital entity giving notice under § 48-68-203 provide such information as the attorney general and reporter reasonably deems necessary to complete the review of any proposed public benefit hospital conveyance transaction described in §§ 48-68-206 and 48-68-207. A failure by the public benefit hospital entity giving notice under § 48-68-203 to provide timely information as required by the attorney general and reporter shall be a sufficient ground for the attorney general and reporter to object to the proposed public benefit hospital conveyance transaction.
TN Code § 48-68-209 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-209. Permitted Action to Assist in Review of Proposed Transaction

  Within the time periods designated in § 48-68-204, the attorney general and reporter may do any of the following to assist in the review of the proposed public benefit hospital conveyance transaction described in this part:  Contract with, consult, and receive advice from any agency of the state or the United States on such terms and conditions the attorney general and reporter deems appropriate; or   At the attorney general and reporter's sole discretion, contract with experts or consultants the attorney general and reporter deems appropriate to assist the attorney general and reporter in reviewing the proposed public benefit hospital conveyance transaction.     Any contract costs incurred by the attorney general and reporter pursuant to this section shall not exceed an amount that is reasonable and necessary to conduct the review of the proposed public benefit hospital conveyance transaction. The attorney general and reporter shall be exempt from all state procurement for competitive bidding for purposes of entering into contracts pursuant to this section. The acquiring entity, upon request, shall pay the attorney general and reporter promptly for all costs of contracts entered into by the attorney general and reporter pursuant to this section.   The attorney general and reporter shall be entitled to reimbursement from the acquiring entity for all reasonable and actual costs incurred by the attorney general and reporter in reviewing any proposed public benefit hospital conveyance transaction under this part, including attorney fees at the billing rate used by the attorney general and reporter to bill state agencies for legal services. The acquiring entity, upon request, shall pay the attorney general and reporter promptly for all costs, but in no event shall reimbursement associated with reviewing a proposed public benefit hospital conveyance transaction exceed fifty thousand dollars ($50,000). The attorney general and reporter shall not be entitled to reimbursement for expenses incurred for any legal services rendered by external legal counsel.   The failure by the acquiring entity to promptly reimburse the attorney general and reporter for all costs pursuant to this section shall be sufficient ground for the attorney general and reporter to object to the proposed public benefit hospital conveyance transaction.
TN Code § 48-68-210 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-210. Public Records

 Unless subject to title 8, chapter 6, part 4, all documents submitted to the attorney general and reporter by any person, including public benefit hospital entities giving notice under § 48-68-203, in connection with the attorney general and reporter's review of the proposed public benefit hospital conveyance transaction pursuant to this part, shall be public records subject to title 10, chapter 7.
TN Code § 48-68-211 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 68 - Transition Provisions|Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006|§ 48-68-211. Violations — Penalties — Remedies

  Any public benefit hospital conveyance transactions entered into in violation of this part shall be null and void, and each member of the governing boards and the chief financial officers of the parties to the public benefit hospital conveyance transaction may be subject to a civil penalty of up to one million dollars ($1,000,000), the amount to be determined by a court of competent jurisdiction in Davidson County. The attorney general and reporter shall institute proceedings to impose such a penalty. In addition, no license to operate a hospital may be issued or renewed under title 68, chapter 11, part 2, or applicable regulation, if there is a public benefit hospital conveyance transaction entered into in violation of the notice, public hearing, and review requirements of this part.   Nothing in this section shall be construed to limit the common law authority of the attorney general and reporter to protect charitable trusts and charitable assets in this state. These penalties and remedies are in addition to, and not a replacement for, any other civil or criminal actions that the attorney general and reporter may file under either the common law or statutory law, including rescinding the public benefit hospital conveyance transaction, granting injunctive relief, or any combination of these and other remedies available under common law or statutory law.
TN Code § 48-101-101 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-101. Short Title

 This part shall be known as the “Development Credit Corporation Act.”
TN Code § 48-101-102 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-102. Part Definitions

 As used in this part, unless the context otherwise requires:   “Board of directors” means the board of directors of a corporation created under this part;   “Corporation” means a development credit corporation created under this part;   “Financial institution” means any banking corporation or institution, trust company, savings bank, cooperative bank, savings and loan association, insurance company, or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds;   “Loan limit” means, for any member, the maximum amount permitted to be outstanding at one (1) time on loans made by such member to the corporation, as determined under this part; and   “Member” means any financial institution authorized to do business within this state which shall undertake to lend money to a corporation created under this part, upon its call, and in accordance with this part.
TN Code § 48-101-104 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-104. Completion of Corporate Entity

 The forms and procedure for completing the corporate entity shall be as provided in §§ 48-11-302, 48-12-103 — 48-12-105 or §§ 48-51-302, 48-52-103 — 48-52-105, as appropriate. Filing and recording fees shall be as provided in § 48-11-303 or § 48-51-303, as appropriate. Before the certificate of incorporation shall become effective, it must be approved by the commissioner of commerce and insurance, and from the date the certificate of incorporation is filed in the office of the secretary of state, with such approval, the stock subscribers, their successors and assigns, shall become a body corporate.
TN Code § 48-101-106 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-106. First Meeting and Organization

  The first meeting of the corporation shall be called by a notice signed by three (3) or more of the incorporators, stating the time, place, and purpose of the meeting, a copy of which notice shall be mailed, or delivered, to each incorporator at least five (5) days before the day appointed for the meeting. The first meeting may be held without such notice upon agreement in writing to that effect, signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of the notice or of such unanimous agreement of the incorporators.   At such first meeting, the incorporators shall organize by choice by ballot of a temporary clerk, by the adoption of bylaws, by the election by ballot of directors, and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Ten (10) of the incorporators shall be a quorum for the transaction of business.
TN Code § 48-101-107 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-107. Board of Directors and Officers

   The business and affairs of the corporation shall be managed and conducted by a board of directors, a president and treasurer, and such other officers and such agents as the corporation by its bylaws shall authorize.   The board of directors shall consist of such number, not less than fifteen (15) nor more than twenty-one (21), as shall be determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation.   The board of directors may exercise all the powers of the corporation, except such as are conferred by law or by the bylaws of the corporation upon the stockholders or members, and shall choose and appoint all the agents and officers of the corporation and fill all vacancies, except vacancies in the office of director which shall be filled as hereinafter provided.   The board of directors shall be elected as hereinafter provided. The board of directors shall be elected in the first instance by the incorporators and thereafter at each annual meeting of the corporation, or, if no annual meeting shall be held in any year at the time fixed by the bylaws, at a special meeting held in lieu of the annual meeting. At each annual meeting, or at each special meeting held in lieu of the annual meeting, the members of the corporation shall elect two thirds (2/3) of the board of directors and the stockholders shall elect the remaining directors.   The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after their election and until their successors are elected and qualified, unless sooner removed in accordance with the bylaws.   Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders.     Directors and officers shall not be responsible for losses unless the same shall have been occasioned by the willful misconduct of such directors and officers.
TN Code § 48-101-109 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-109. No Preemptive Rights Respecting Unissued Stock

 No stockholder shall be entitled as of right to purchase or subscribe for any unissued stock of the corporation, whether now or hereafter authorized, or whether of a class not existing or of a class hereafter created, or to purchase or subscribe for any bonds, certificates of indebtedness, debentures, or other obligations convertible into stock of the corporation.
TN Code § 48-101-110 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-110. Membership of Financial Institutions

 Any financial institution may request membership in the corporation by making application to the board of directors on such form and in such manner as the board of directors may require, and membership shall become effective upon acceptance of such application by the board.
TN Code § 48-101-111 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-111. Duration of Membership — Withdrawal

 Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation three (3) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice. A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the withdrawal of the member.
TN Code § 48-101-112 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-112. Powers of Stockholders and Members — Voting

  The stockholders and members of the corporation have the following powers of the corporation, to:  Determine the number of the elected directors as provided in § 48-101-107;   Make, amend, and repeal bylaws;   Amend the charter as provided in § 48-101-119; and   Exercise such other of the powers of the corporation as may be conferred on the stockholders and the members by the bylaws.     As to all matters requiring action by the stockholders and members of the corporation, the stockholders and the members shall vote separately thereon by classes and, except as otherwise herein provided, such matters shall require the affirmative vote of the majority of the votes to which the stockholders present or represented at the meeting shall be entitled, and the affirmative vote of a majority of the votes to which the members present or represented at the meeting shall be entitled. Each stockholder shall have one (1) vote, in person or by proxy, for each share of capital stock held by the stockholder and each member shall have one (1) vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars ($1,000) shall have one (1) additional vote, in person or by proxy, for each additional one thousand dollars ($1,000) which such member is authorized to have outstanding on loans to the corporation at any one (1) time as determined under § 48-101-113.
TN Code § 48-101-114 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-114. Obligations of Corporation Are Legal Investments for Members

 Notwithstanding any other law, general or special, the notes or other interest-bearing obligations of such corporation, issued in accordance with and by virtue of this part and the bylaws of such corporation, shall be legal investments for the banking, insurance, and surety organizations which become members of such corporation, up to but in no event exceeding the loan limits established herein.
TN Code § 48-101-115 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-115. Limit on Total Obligations

 At no time shall the total obligations of such corporation exceed ten (10) times the amount of its paid-in capital and surplus, not including therein the earned surplus.
TN Code § 48-101-116 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-116. Earned Surplus

 The corporation shall set apart as an earned surplus all of its net earnings in each and every year until such earned surplus shall equal the total of the paid-in capital and paid-in surplus then outstanding. The earned surplus shall be held in a depository, invested in United States government bonds, or as provided in such corporation's bylaws, and shall be kept and used to meet losses and contingencies of such corporation and, whenever the amount of earned surplus shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation.
TN Code § 48-101-117 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-117. Deposit of Funds

  The corporation shall not deposit any of its funds in any banking institution, unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.   The corporation shall not receive money on deposit.
TN Code § 48-101-118 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-118. Supervision Over Corporation — Reports

 The corporation shall be subject to the supervision of and be examined by the commissioner of commerce and insurance and shall make such report of its condition and furnish such other information from time to time as the commissioner shall require.
TN Code § 48-101-119 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-119. Amendment of Charter

 The charter may be amended by the votes of the stockholders and members of the corporation, voting separately by classes, and such amendments shall require approval by the affirmative vote of two thirds (2/3) of the votes to which the stockholders shall be entitled and two thirds (2/3) of the votes to which the members shall be entitled; provided, that no amendment of the charter which is inconsistent with the general purposes expressed herein or which authorizes any additional class of capital stock to be issued or which increases the obligation of a member to make loans to the corporation, or makes any change in the principal amount, interest rate, maturity date, or in the security or credit position, of any outstanding loan of a member to the corporation, or affects a member's right to withdraw from membership of the corporation as provided in § 48-101-111, or affects a member's voting rights as provided in § 48-101-112, shall be made without the consent of each member affected by such amendment. Amendment of the charter shall be completed in the same manner as provided for the corporate entity in § 48-101-104.
TN Code § 48-101-120 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 1 - Development Credit Corporation Act|§ 48-101-120. State Credit Not Pledged

 Under no circumstances is the credit of the state pledged herein.
TN Code § 48-101-201 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 2 - Massachusetts Trust Act of 1961|§ 48-101-201. Short Title

 This part may be known and cited as the “Massachusetts Trust Act of 1961.”