reglab/housing_qa huggingface dataset:
TN Code § 48-101-634 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 6 - Tennessee Professional Corporation Act|§ 48-101-634. Reservation of Power to Amend or Repeal

 The general assembly has the power to amend or repeal all or part of this part at any time, and all domestic and foreign professional corporations subject to this part are governed by the amendment or repeal.
TN Code § 48-101-635 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 6 - Tennessee Professional Corporation Act|§ 48-101-635. Repeal of a Statute by This Part

  Except as provided in subsection (b), the repeal of a statute by this part does not affect:  The operation of the statute or any action taken under it before its repeal;   Any ratification, right, remedy, privilege, obligation or liability acquired, accrued or incurred under the statute before its repeal;   Any violation of the statute or any penalty, forfeiture or punishment incurred because of the violation, before its repeal; or   Any proceeding, reorganization or dissolution commenced under the statute before its repeal and the proceeding, reorganization or dissolution may be completed in accordance with the statute as if it had not been repealed.     If a penalty or punishment imposed for violation of a statute repealed by this part is reduced by this part, the penalty or punishment if not already imposed shall be imposed in accordance with this part.
TN Code § 48-101-701 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-701. Short Title

 This part shall be known and may be cited as the “Nonprofit Limited Liability Company Act of 2001.”
TN Code § 48-101-702 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-702. Part Definitions

 As used in this part, unless the context otherwise requires:   “Limited liability company” or “LLC” means a limited liability company, foreign or domestic, organized under or subject to the Tennessee Limited Liability Company Act, compiled in Chapters 201 248 of this title;   “Nonprofit corporation,” for the purposes of this part, means a nonprofit corporation, foreign or domestic, incorporated under or subject to Chapters 51 68 of this title and exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004;   “Nonprofit limited liability company” or “nonprofit LLC” means a limited liability company:  That is disregarded as an entity for federal income tax purposes; and   Whose sole member is a nonprofit corporation, foreign or domestic, incorporated under or subject to Chapters 51 68 of this title and who is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004;     “Parent nonprofit corporation” means a nonprofit corporation that is the sole member of a nonprofit corporation; and   “Subsidiary nonprofit corporation” means a nonprofit corporation whose sole member is a nonprofit corporation.
TN Code § 48-101-703 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-703. Application

 The Tennessee Limited Liability Company Act, compiled in Chapters 201 248 of this title shall apply to nonprofit limited liability companies, both domestic and foreign, to the extent not inconsistent with this part.
TN Code § 48-101-704 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-704. Organization as a Nonprofit Llc

 A nonprofit corporation may organize a nonprofit LLC by filing articles of organization prominently designating it as a nonprofit limited liability company with the office of the secretary of state consistent with the Tennessee Limited Liability Company Act; provided, that an LLC shall qualify as a nonprofit LLC only if the LLC is disregarded as an entity for federal income tax purposes. No more than one (1) nonprofit corporation may be a member of a nonprofit LLC.
TN Code § 48-101-705 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-705. Standard of Conduct for Llc Members — Indemnification — Limitation on Actions — Application to Private Foundations

  The standards of conduct established in §§ 48-58-301, 48-58-302, 48-58-303, and 48-58-403 applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a nonprofit LLC shall likewise apply to the governors, managers, employees and agents of the nonprofit LLC.   The indemnification provisions of chapter 58, part 5 of this title applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a nonprofit LLC shall likewise apply to the governors, managers, employees and agents of the nonprofit LLC.   The limitation of actions and immunity from actions provided in chapter 58, part 6 of this title applicable to the directors, officers, trustees and members of the nonprofit corporation that is the sole member of a nonprofit LLC shall likewise apply to the governors and managers of the nonprofit LLC.   The attorney general and reporter shall have such authority, rights and obligations over nonprofit LLCs as the attorney general and reporter has over nonprofit corporations pursuant to Chapters 51 68 of this title.   If the nonprofit corporation that is the sole member of the nonprofit LLC is a “private foundation” as defined in § 509(a) of the Internal Revenue Code of 1986 (26 U.S.C. § 509(a)), the requirements of § 48-51-501 shall likewise apply to the nonprofit LLC.
TN Code § 48-101-706 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-706. Limitation on Tax Liability — Annual Filings

 Consistent with § 67-4-2007(d) for excise tax purposes and § 67-4-2106(c) for franchise tax purposes, a nonprofit LLC shall be disregarded as an entity separate from the nonprofit corporation that is the sole member of the nonprofit LLC for purposes of all state and local Tennessee taxes. The nonprofit LLC shall file annual reports and other filings with the office of the secretary of state as required of all LLCs.
TN Code § 48-101-707 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-707. Conversion of Subsidiary Nonprofit Corporations

  A subsidiary nonprofit corporation incorporated in this state may be converted to a nonprofit LLC pursuant to this section.   The terms and conditions of a conversion of a subsidiary nonprofit corporation to a nonprofit LLC must be approved by the board of directors of the subsidiary nonprofit corporation and the parent nonprofit corporation.   After the conversion is approved under subsection (b), the subsidiary nonprofit corporation shall file articles of conversion with the office of the secretary of state that satisfy the requirements of § 48-205-101, and designate the LLC as a nonprofit limited liability company. Such articles shall also include:  A statement that the nonprofit corporation was converted to a nonprofit LLC;   The name and principal address of the former nonprofit corporation; and   A statement that the terms and conditions of the conversion have been approved by the board of directors of the subsidiary nonprofit corporation and the parent nonprofit corporation.     The conversion is effective when the articles of conversion are filed with the secretary of state or at any later date on or before ninety (90) days from filing of the articles of conversion if specified in such articles. The filing of articles of conversion with the secretary of state, in compliance with this section, shall constitute and, for purposes of chapter 64 of this title, be deemed to be a certificate of cancellation of the subsidiary nonprofit corporation.   Articles of conversion shall be amended in the same manner as the articles of organization of a limited liability company.
TN Code § 48-101-708 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 7 - Nonprofit Limited Liability Company Act of 2001|§ 48-101-708. Effect of Conversion

  Upon the effective date of the conversion from a subsidiary nonprofit corporation to a nonprofit LLC:  All property owned by the converting nonprofit corporation remains vested in the nonprofit LLC;   All obligations of the converting nonprofit corporation continue as obligations of the nonprofit LLC; and   An action or proceeding pending against the converting nonprofit corporation may be continued as if the conversion had not occurred.     The converting nonprofit corporation shall not be required to wind up its affairs or to pay its liabilities and distribute its assets, and such conversion shall be deemed to constitute a dissolution of such subsidiary nonprofit corporation.   The ownership interests or membership of the parent nonprofit corporation in the subsidiary nonprofit corporation shall become membership interests in the nonprofit LLC.
TN Code § 48-101-801 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-801. Short Title

 This part shall be known and may be cited as the “Tennessee Revised Nonprofit Limited Liability Company Act.”
TN Code § 48-101-802 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-802. Part Definitions

 As used in this part, unless the context otherwise requires:   “LLC” means a limited liability company, whether foreign or domestic, that is formed under, that is subject to, or that has elected to be governed by, as applicable, the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, except where expressly indicated otherwise;   “Nonprofit corporation,” means a nonprofit corporation, whether foreign or domestic, incorporated pursuant to or subject to Chapters 51 68 of this title and exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004;   “Nonprofit LLC” means an LLC that has complied with the requirements of this part;   “Parent nonprofit corporation” means a nonprofit corporation that is the sole member of a nonprofit corporation; and   “Subsidiary nonprofit corporation” means a nonprofit corporation, the sole member of which is also a nonprofit corporation.
TN Code § 48-101-803 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-803. Application of the Tennessee Revised Limited Liability Company Act

 The Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, shall apply to nonprofit LLCs, both domestic and foreign, to the extent not inconsistent with this part.
TN Code § 48-101-804 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-804. Organization as a Nonprofit Llc

 A nonprofit corporation may form a domestic nonprofit LLC that meets the requirements of § 48-101-805, by filing articles of organization with the secretary of state that prominently designate it as a nonprofit LLC and that comply with the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title. A foreign nonprofit LLC may obtain a certificate of authority to transact business in this state under the Tennessee Revised Limited Liability Company Act and thereby become subject to and governed by this part as a nonprofit LLC, only if the foreign nonprofit LLC meets the requirements of § 48-101-805.
TN Code § 48-101-805 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-805. Requirements of Domestic and Foreign Llcs

 A domestic or foreign nonprofit LLC under this part must:   Be disregarded as an entity for federal income tax purposes; and   Have as its sole member a nonprofit corporation, whether foreign or domestic, that is incorporated under or subject to Chapters 51 68 of this title and that is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004.
TN Code § 48-101-806 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-806. Standards of Conduct — Indemnification — Limitation on Actions and Immunity — Authority of Attorney General and Reporter — Application to Private Foundations

  The standards of conduct established in §§ 48-58-301 — 48-58-303 and 48-58-403 that are applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors, managers, officers, employees and agents, as applicable, of the domestic nonprofit LLC.   The indemnification provisions of title 48, chapter 58, part 5 that are applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors, managers, officers, employees and agents, as applicable, of the domestic nonprofit LLC.   The limitation of actions and immunity from actions provided in title 48, chapter 58, part 6 that are applicable to the directors, officers, trustees and members of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors and managers, as applicable, of the domestic nonprofit LLC.   The attorney general and reporter shall have any authority, rights and obligations over nonprofit LLCs that the attorney general and reporter have over nonprofit corporations pursuant to Chapters 51 68 of this title.   If the nonprofit corporation that is the sole member of a domestic nonprofit LLC is a private foundation as defined in § 509(a) of the Internal Revenue Code of 1986 (26 U.S.C. § 509(a)), or any successor provision thereof, the requirements of § 48-51-501 shall likewise apply to the domestic nonprofit LLC.
TN Code § 48-101-807 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-807. Limitation on Tax Liability — Annual Filings

 Consistent with § 67-4-2007(d) for excise tax purposes and § 67-4-2106(c) for franchise tax purposes, a nonprofit LLC shall be disregarded as an entity separate from the nonprofit corporation that is the sole member of the nonprofit LLC for purposes of all state and local taxes. The nonprofit LLC shall file annual reports and other filings with the office of the secretary of state as required of all LLCs.
TN Code § 48-101-809 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act|§ 48-101-809. Applicability of Part — Election to Be Governed by Part

   This part applies to:  Every domestic nonprofit LLC formed on or after July 1, 2006; and   Any domestic nonprofit LLC that was formed prior to July 1, 2006, and that has elected to be governed by the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, pursuant to § 48-249-1002.     If there are other specific statutory provisions that govern the formation of, impose restrictions or requirements on, confer special powers, privileges or authorities on or fix special procedures or methods for special categories of LLCs, then to the extent those provisions are inconsistent with or different from this part, those provisions shall prevail.   A domestic nonprofit LLC that was formed between December 31, 2005, and July 1, 2006, may elect to be governed by the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, pursuant to § 48-249-1002, to the same extent as a domestic nonprofit LLC that was formed prior to January 1, 2006.     Any domestic nonprofit LLC that was formed prior to July 1, 2006, under the Nonprofit Limited Liability Company Act of 2001, compiled in chapter 101, part 7 of this title, and that does not voluntarily elect to be governed by the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, as provided in subsection (a), shall continue to be governed by the Nonprofit Limited Liability Company Act of 2001.   This part applies to every foreign nonprofit LLC that first files an application for a certificate of authority under the Tennessee Revised Limited Liability Company Act, compiled in chapter 249 of this title, on or after July 1, 2006. With respect to each foreign nonprofit LLC that first filed an application for a certificate of authority prior to July 1, 2006, the Nonprofit Limited Liability Company Act of 2001 shall apply to the foreign nonprofit LLC, until the due date of the first annual report required to be filed by the foreign nonprofit LLC on or after July 1, 2006, after which due date this part shall apply to the foreign nonprofit LLC, except that the foreign nonprofit LLC shall not be required to obtain a new certificate of authority.   This part does not affect an action or proceeding commenced or right accrued under the Nonprofit Limited Liability Company Act of 2001.
TN Code § 48-101-901 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 9 - Neighborhood Preservation Nonprofit Corporation Act|§ 48-101-901. Short Title

 This part shall be known and may be cited as the “Neighborhood Preservation Nonprofit Corporation Act.”
TN Code § 48-101-902 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 9 - Neighborhood Preservation Nonprofit Corporation Act|§ 48-101-902. Part Definitions

 As used in this part:   “Bylaws” means the code or codes of rules, other than the charter, adopted pursuant to Chapters 51 68 of this title for the regulation or management of the affairs of the corporation irrespective of the name or names by which such rules are designated;   “Corporation” means a public benefit or mutual benefit corporation which is not a foreign corporation, incorporated under or subject to Chapters 51 68 of this title, and is recognized as exempt under § 501(c)(3) of the Internal Revenue Code (26 U.S.C. § 501(c)(3)), or any successor section;   “Foreign corporation” means a nonprofit corporation incorporated under a law other than the law of this state, which would be a nonprofit corporation if formed under the laws of this state;   “Mutual benefit corporation” means a domestic corporation which becomes by operation of law a mutual benefit corporation pursuant to § 48-68-104 or is formed as a mutual benefit corporation pursuant to chapter 52 of this title; and   “Public benefit corporation” means a domestic corporation which becomes by operation of law a public benefit corporation pursuant to § 48-68-104 or is formed as a public benefit corporation pursuant to chapter 52 of this title.
TN Code § 48-101-903 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 9 - Neighborhood Preservation Nonprofit Corporation Act|§ 48-101-903. Registration of Neighborhood Preservation Nonprofit Corporation — Filing of Plat for Subject Real Property

  A corporation seeking designation as a neighborhood preservation nonprofit corporation under this part shall register with the secretary of state by requesting the designation of neighborhood preservation nonprofit corporation in its charter.   In addition to any other fee for registering the corporation pursuant to applicable law, the secretary of state may also require a fee for acquiring the designation as a neighborhood preservation nonprofit corporation.   Prior to registering with the secretary of state as set forth in subsection (a), a corporation shall file in the office of the register of deeds in the county that the real property is located a plat that shows the real property that the corporation shall apply its assets towards to preserve and protect from blight, crime, and other purposes.
TN Code § 48-101-904 (2021)
2021 Tennessee Code|Title 48 - Securities, Corporations and Associations|Chapter 101 - Special Purpose Corporations and Associations|Part 9 - Neighborhood Preservation Nonprofit Corporation Act|§ 48-101-904. Required Contents of Bylaws for Designation as Neighborhood Preservation Nonprofit Corporation

 In order to qualify for the designation as a neighborhood preservation nonprofit corporation under this part, a corporation shall first include in its bylaws:   That all members shall be owners of real property located within the area designated in the plat described in § 48-101-903(c);   That decisions of the corporation involving the protection or preservation of real property within the area designated in the plat described in § 48-101-903(c) shall be made by a two-thirds (2/3) vote of its members;   That each member shall pay a minimum monthly amount in dues of twenty-five dollars ($25.00) to the corporation and agree, prior to membership, to pay any outstanding dues prior to selling the member's real property located within the area designated in the plat described in § 48-101-903(c);   That all assets of the corporation, minus those needed for administrative purposes, shall be applied towards preserving and protecting the real property designated in the plat described in § 48-101-903(c);   That an itemized financial accounting of assets used for administrative purposes shall be made available to members upon request; and   That copies of the bylaws shall be provided to members upon becoming members and at any time that the bylaws are changed.