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2023 Tennessee Code
Title 48 - CORPORATIONS AND ASSOCIATIONS (§§ 48-1-101 — 48-250-115)
NONPROFIT CORPORATIONS (§§ 48-51-101 — 48-69-123)
Chapter 64 - DISSOLUTION (§§ 48-64-101 — 48-64-304)
Part 3 - JUDICIAL DISSOLUTION (§§ 48-64-301 — 48-64-304)
Section 48-64-304 - Decree of dissolution
Universal Citation:
TN Code § 48-64-304 (2023)
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- (a) If after a hearing the court determines that one (1) or more grounds for judicial dissolution described in § 48-64-301 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the secretary of state, who shall file it.
- (b) After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation's assets and affairs in accordance with § 48-64-105 and the notification of claimants in accordance with §§ 48-64-106 and 48-64-107.
Acts 1987, ch. 242, § 14.33.
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