TCA § 12-2-305 — Provision in lease to convey title upon retirement of obligations
Leases and subleases between a municipality and a not-for-profit corporation must include a clause requiring the corporation to transfer its project interests back when the related bonds and obligations are fully paid.
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- Jurisdiction
- United States — Tennessee
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
- Official source
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bond financing lease provisions title transfer
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TCA § 12-2-305 — Provision in lease to convey title upon retirement of obligations
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