There is a newer version of the Tennessee Code
2014 Tennessee Code
Title 29 - Remedies and Special Proceedings
Chapter 12 - Creditors' Bills
§ 29-12-108 - Receiver for corporate property.
TN Code § 29-12-108 (2014) What's This?
In such cases the court may appoint a receiver, take an account of the affairs of the corporation, and apply the property and effects to the payment of debts pro rata, and divide the surplus, if any, among the stockholders.
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