Public-domain · open source
OpenJurist

Tenn. Code Ann. § 29-35-102

Corporate officers — Trustees

Applied in 1 court decision — leading case State v. Smoky Mountain Secrets, Inc. (1996)

Most recently applied in State v. Smoky Mountain Secrets, Inc. (October 1996)

Code 1858, § 3410 (deriv

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.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.