Amends TCA Title 48, Chapter 102.
Tennessee HB1795 amends existing law to expand the authority of masonic lodges by allowing masonic lodge-sponsored corporations or limited liability companies to acquire real property through deed. The bill also permits these entities to lease or rent real or personal property to masonic lodges or other organizations. This change affects masonic lodges and their affiliated corporations or LLCs, enhancing their ability to manage property assets.
Tennessee HB1795 amends existing law to expand the authority of masonic lodges by allowing masonic lodge-sponsored corporations or limited liability companies to acquire real property through deed. The bill also permits these entities to lease or rent real or personal property to masonic lodges or other organizations. This change affects masonic lodges and their affiliated corporations or LLCs, enhancing their ability to manage property assets.
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