Senate Bill 1639, also known as House Bill 1553, proposes amendments to the Tennessee Code Annotated concerning nonprofit entities. The bill specifically modifies Section 48-51-303(a) by deleting subdivision (21) and replacing it with a provision stating that there will be no fee for the articles of termination of corporation existence. Additionally, it amends Section 48-101-506(h) by removing the existing subsection and substituting it with a requirement that any person who ceases solicitation activities after registration must notify the secretary of state within ninety days and file the necessary financial documentation.

The bill is set to take effect on July 1, 2026, emphasizing the importance of compliance for nonprofit entities in Tennessee regarding their solicitation activities and the termination of their existence. These changes aim to streamline the process for nonprofits and ensure proper notification and documentation are maintained.

Statutes affected:
Introduced: 48-51-303(a), 48-51-303, 48-101-506(h), 48-101-506
Amended with HA0573 -- 04/21/2026: 48-51-303(a), 48-51-303, 48-101-506(h), 48-101-506