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2019 Tennessee Code
Title 29 - Remedies and Special Proceedings
Chapter 35 - Usurpation or Forfeiture of Office or Franchise—corporate Misdeeds
§ 29-35-102. Corporate officers -- Trustees.
Universal Citation: TN Code § 29-35-102 (2019)
- The action also lies against the directors, managers, and officers of a corporation, or the trustees of funds given for a public or charitable purpose:
(1) To bring them to an account for the management and disposition of property entrusted to their care;
(2) To remove such officers or trustees on proof of misconduct;
(3) To prevent malversation, peculation, and waste;
(4) To set aside and restrain improper alienations of such property or funds, and to secure them for the benefit of those interested; and
(5) Generally to compel faithful performance of duty.
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