6-52-302 - Failure to exercise corporate powers. - Tennessee Statutes

6-52-302. Failure to exercise corporate powers.

“Failure to exercise corporate powers” under § 6-52-301 shall include either subdivisions (1)(A)-(C) combined, or subdivision (2) alone:

     (1)  (A)  Failure to elect a mayor or legislative body, or both, for more than one (1) year after the time fixed for such elections; and

          (B)  Failure to levy and collect any municipal ad valorem property taxes for a period of three (3) successive years; and

          (C)  Failure to expend any funds for municipal purposes or adopt a budget for municipal expenditures for a period of three (3) successive years; or

     (2)  Failure to hold any municipal elections for more than twenty (20) years.

[Acts 1983, ch. 116, § 2.]