(a) All property belonging to the state and known as the “Hermitage Farm,” consisting of approximately five hundred (500) acres, located in the fourth civil district of Davidson County, and being the same property referred to in Acts 1889, chapter 180, § 1 and being the same property acquired by the state by virtue of Acts 1856, chapter 96, be and the same is conveyed in trust to the Ladies’ Hermitage Association, a corporation organized and chartered under the laws of the state.

Terms Used In Tennessee Code 4-13-101

  • association: means the Ladies' Hermitage Association. See Tennessee Code 4-13-102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) The association shall be deemed the successor in interest to the Ladies’ Hermitage Association board of trustees and shall assume all rights, responsibilities and liabilities of such board of trustees.
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