Tennessee § 29-35-102 Corporate officers - Trustees

Tennessee Statutes

§ 29-35-102 — Corporate officers - Trustees

Tennessee § 29-35-102

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This text of Tennessee § 29-35-102 (Corporate officers - Trustees) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 29-35-102 (2026).

Text

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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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.