At no time shall the total obligations of such corporation exceed ten (10) times the amount of its paid-in capital and surplus, not including therein the earned surplus.
Tenn. Code Ann. § 48-101-115
Limit on total obligations
Acts 1959, ch. 170, § 16; T.C.A., §§ 48-1715, 48-3-115.
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.