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TN HB1878

Bill

Official Source

Status

Introduced

1/21/2026

Primary Sponsor

Mary Littleton

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Authorizes the board of directors of industrial development corporations to initiate mergers with other corporations when necessary or convenient to carry out their purposes

  • Mergers must follow the procedures established for public benefit corporations under Title 48, Chapter 61 of Tennessee Code

  • Amends Tennessee Code Annotated, Section 7-53-103 by adding this new merger authority as subsection (a)

  • Takes effect immediately upon becoming law due to public welfare necessity

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 7 and Title 48, relative to industrial development corporations.

Industrial Development

Last Action

Placed on cal. State & Local Government Committee for 3/18/2026

3/12/2026

Committee Referrals

State & Local Government2/11/2026
Cities & Counties Subcommittee2/4/2026
State & Local Government2/2/2026

Full Bill Text

No bill text available