There is a newer version of the Tennessee Code
2015 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 8 - Purchase and Sale of Railroads
§ 65-8-103 - Continuation of business by seller to wind up business.
TN Code § 65-8-103 (2015) What's This?
In case the railroad company, whose corporate powers have been transferred by a sale as aforementioned, has brought suits in law or equity, or holds any claims or rights of action, excepted and reserved by the terms of the sale, the corporation may have a continuance sufficiently long for the purpose of collecting the claims and paying to or dividing the same among the stockholders or the persons entitled to such claims.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
