(a) The various subordinate lodges of the grand lodge shall be, and each thereof is, empowered to acquire and hold by purchase, deed, gift, devise, bequest, or otherwise any and all property, real and personal, necessary or deemed expedient or proper by the subordinate lodges for the legitimate and proper execution of their objects and purposes, and each and all of the subordinate lodges are empowered to sell, convey, mortgage, bond, or otherwise convey or encumber for lodge purposes, any and all of such property.
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Terms Used In Tennessee Code 48-102-103

  • Bequest: Property gifted by will.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(b) The subordinate lodges may sell or convey their real property only by and with the permission of the grand lodge, or the grand master.
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