Senate Bill 1711 amends Tennessee Code Annotated, Title 48, Chapter 64, which pertains to the judicial dissolution of nonprofit corporations. The bill specifically revises Section 48-64-302 by deleting the existing subsection (a) and replacing it with new provisions regarding the venue for dissolution proceedings. The new language outlines that the venue for proceedings initiated by the attorney general and reporter can be in any county where the corporation's principal office is located, where the corporation has conducted activities, where the attorney general has an office, or in Davidson, Sumner, or Williamson Counties. Additionally, it specifies that for proceedings brought by other parties, the venue lies in the county where the corporation's principal office is or was last located, or its registered office if no principal office exists in the state.

This bill aims to clarify and expand the venues available for judicial dissolution proceedings of nonprofit corporations, thereby potentially streamlining the process for both the attorney general and other parties involved. The act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare.

Statutes affected:
Introduced: 48-64-302