2014 Tennessee Code
Title 29 - Remedies and Special Proceedings
Chapter 35 - Usurpation or Forfeiture of Office or Franchise--Corporate Misdeeds
§ 29-35-101 - Grounds for action.
An action lies in the name of the state against the person or corporation offending, in the following cases:
(1) Whenever any person unlawfully holds or exercises any public office or franchise within this state, or any office in any corporation created by the laws of this state;
(2) Whenever any public officer has done, or suffered to be done, any act which works a forfeiture of that officer's office;
(3) When any person acts as a corporation within this state, without being authorized by law; or
(4) If, being incorporated, they:
(A) Do or omit acts which amount to a surrender or forfeiture of their rights and privileges as a corporation;
(B) Exercise powers not conferred by law; or
(C) Fail to exercise powers conferred by law and essential to the corporate existence.
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