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Tennessee Code Title 29. Remedies and Special Proceedings § 29-35-118

Current as of January 02, 2024 | Updated by FindLaw Staff

Such judgment of dissolution shall not extinguish the debt due to or from the corporation; but the court shall appoint a receiver, with full power to take possession of all the debts and property, and sell, dispose of, collect, and distribute the same among the creditors and other persons interested, under the orders of the court.

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Cite this article: FindLaw.com - Tennessee Code Title 29. Remedies and Special Proceedings § 29-35-118 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-29-remedies-and-special-proceedings/tn-code-sect-29-35-118/

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