Except as authorized by § 48-63-102, a corporation shall not make any distributions.
Tenn. Code Ann. § 48-63-101
Prohibited distributions
Acts 1987, ch. 242, § 13.01.
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.