GroundRules
← Search the law
Tennessee · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Tenn. Code Ann. § 46-1-310: Action by state for recovery of illegally paid dividends

Read at publisher ↗
Where this section sits in the code
  1. TN Code
  2. Title 46
  3. Chapter 1

(a) The state is authorized to recover from stockholders, for the use of the company, dividends illegally paid under § 46-1-205 .

(b) The state is also authorized to recover from the officers and directors of the company and the cemetery operators, at any time, for the use of the company, an amount sufficient to bring the improvement care trust fund up to the amount required, together with reasonable attorney's fees for the attorney handling the suit, to be fixed and adjudged by the court trying the case.

Collected 2026-09-14T18:32:26Z. Source file · JSON

Browse this collection