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TN SB2646

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Kerry Roberts

Click for details

Origin

Senate

114th General Assembly

AI Summary

  • Authorizes boards of directors of industrial development corporations to initiate mergers with other corporations when necessary or convenient to carry out their purposes
  • Mergers must follow procedures established for public benefit corporations under Tennessee Code Title 48, Chapter 61
  • Amends Tennessee Code Annotated, Section 7-53-103 by adding new subsection (a)
  • Takes effect immediately upon becoming law

Legislative Description

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

Industrial Development

Last Action

Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 9, Nays 0 PNV 0

3/10/2026

Committee Referrals

Finance, Ways and Means3/10/2026
Commerce and Labor2/5/2026

Full Bill Text

No bill text available