{"data":{"id":"us-tn/tenn.-code-ann.-48-101-904","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-101-904","heading":"Required contents of bylaws for designation as neighborhood preservation nonprofit corporation","body":"In order to qualify for the designation as a neighborhood preservation nonprofit corporation under this part, a corporation shall first include in its bylaws:\n(1) That all members shall be owners of real property located within the area designated in the plat described in § 48-101-903(c) ;\n(2) That decisions of the corporation involving the protection or preservation of real property within the area designated in the plat described in § 48-101-903(c) shall be made by a two-thirds (2/3) vote of its members;\n(3) That each member shall pay a minimum monthly amount in dues of twenty-five dollars ($25.00) to the corporation and agree, prior to membership, to pay any outstanding dues prior to selling the member's real property located within the area designated in the plat described in § 48-101-903(c) ;\n(4) That all assets of the corporation, minus those needed for administrative purposes, shall be applied towards preserving and protecting the real property designated in the plat described in § 48-101-903(c) ;\n(5) That an itemized financial accounting of assets used for administrative purposes shall be made available to members upon request; and\n(6) That copies of the bylaws shall be provided to members upon becoming members and at any time that the bylaws are changed.","path":["TN Code","Title 48","Chapter 101"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"4e2b59f344aaa3b71fd4b21bed681c27ed2d045ac27020cf67fd0182b4a08192","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-101-903","next":"us-tn/tenn.-code-ann.-48-101-905"},"notice":"GroundRules: Original legal text. Not legal advice."}