Bill > HB1795

This bill expands the ability of Masonic lodges in Tennessee to acquire and manage property. Specifically, it allows a Masonic lodge-sponsored corporation or limited liability company (LLC), which is a business entity created by the lodge for a specific purpose, to own real estate through purchase or gift, just as a lodge itself can. This property can be used for building, maintaining, or acquiring lodge facilities or burial grounds. The bill also permits these sponsored corporations or LLCs to rent or lease property, whether real or personal, to the Masonic lodge or other organizations. The definition of a "masonic lodge-sponsored corporation or limited liability company" clarifies that it's an entity established by lodge members and acting under their authorization. This change does not impact property transfers that already happened before the bill becomes law.

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https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1795&ga=114