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Section 48-53-202 - Nonprofit fair asset protection — Tennessee Law | CourtGPT
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  3. Tennessee/
  4. Title 48 - Corporations and Associations Securities (§§ 48-1-101 — 48-1-201)/
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  6. Chapter 53 - Purposes and Powers/
  7. Part 2 - Nonprofit Fair Asset Protection Act/
  8. Section 48-53-202 - Nonprofit fair asset protection
Tennessee Legal Code

Section 48-53-202 - Nonprofit fair asset protection

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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. Acts 2018, ch. 769, § 1.