In such cases the court may appoint a receiver, take an account of the affairs of the corporation, and apply the property and effects to the payment of debts pro rata, and divide the surplus, if any, among the stockholders.
Code 1858, § 4295 (deriv. Acts 1851-1852, ch. 172, § 1); Shan., § 6104; Code 1932, § 10365; T.C.A. (orig. ed.), § 23-1008.
Structure 2021 Tennessee Code
Title 29 - Remedies and Special Proceedings
§ 29-12-101. Fraudulent Conveyances and Other Devices
§ 29-12-102. Attachment and Injunction
§ 29-12-103. Intervention by Other Creditors
§ 29-12-105. Judgment Without Fraud
§ 29-12-106. Limitation of Actions
§ 29-12-107. Corporate Property