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Current as of January 02, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Tennessee Code Title 46. Cemeteries § 46-1-310 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-46-cemeteries/tn-code-sect-46-1-310/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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