Tennessee Code 56-25-303 – Nonprofit institutions
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Terms Used In Tennessee Code 56-25-303
- Society: means fraternal benefit society, unless otherwise indicated. See Tennessee Code 56-25-104
A society may create, maintain and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by § 56-25-105(a)(2). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement.