Tennessee § 6-1-305 - Succession to assets, liabilities and obligations after surrender of charter.
Full text of Tennessee Tennessee Code Annotated § 6-1-305 — Succession to assets, liabilities and obligations after surrender of charter., with citation guidance and answers to common questions.
§ 6-1-305. Succession to assets, liabilities and obligations after surrender of charter.
In case of a reversion to a former charter or adoption of a new one simultaneously with the surrender of the old, all assets, liabilities and obligations of the old municipality shall become those of the new municipality. In the event a municipality reverts to unincorporated status, the board of mayor and aldermen shall become trustees of the property and funds of the former municipality, and, under such bonds as may be required by the county legislative body, shall proceed to terminate the affairs of the municipality and dispose of its property. Acts 1991, ch. 154, § 1. Compiler's Notes. Former part 3, §§ 6-1-301 — 6-1-304 (Acts 1875, ch. 92, § 14; 1877, ch. 121, § 1; Shan., §§ 1904-1907; Code 1932, §§ 3315-3318; Acts 1970, ch. 426, §§ 7, 8; T.C.A. (orig. ed.), §§ 6-122 — 6-125), concerning existing municipalities, was repealed and replaced by Acts 1991, ch. 154, § 1, effective July 1, 1991.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 6-1-305
What does Tennessee Code Annotated § 6-1-305 cover?
Section 6-1-305 ("Succession to assets, liabilities and obligations after surrender of charter.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 6-1-305?
A common citation format is "Tennessee Code Annotated § 6-1-305" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 6-1-305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.