{"data":{"id":"us-tn/tenn.-code-ann.-48-24-109","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-24-109","heading":"Discharge or reasonable provision to be made for payment of claims - Liability of directors","body":"(a) Directors shall cause a dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.\n(b) Directors of a dissolved corporation that has disposed of claims under § 48-24-106 or § 48-24-107 shall not be liable for breach of subsection (a) with respect to claims against the dissolved corporation that are barred or satisfied under § 48-24-106 or § 48-24-107 .","path":["TN Code","Title 48","Chapter 24"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"0a16435085bf4696c74f5172a3d774b8b9321834b2df614e6393ce63a5397ff5","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-24-108","next":"us-tn/tenn.-code-ann.-48-24-201"},"notice":"GroundRules: Original legal text. Not legal advice."}