Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any change in its standing with the Tennessee Secretary of State’s Office to the Authorizer within five business (5) days of the change. Any change to the Charter School’s corporate legal status as a not-for-profit organization shall constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations.
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Reporting of Corporate Status. The Charter School shall report any change to the Charter School’s corporate legal status or any Secretary of State’s Office to the Authorizer with change to the Charter School’s-for-cproofrit porogarniazattioen shlalel constitute grounds for immediate revocation unless, during the term of this Agreement, the Act is amended to allow Charter Schools to be operated by organizations other than not-for- profit organizations. gal st
