Such new corporation shall be liable for the debts of such old corporation, and shall be entitled to the property and assets of such old corporation, which shall pass to and be vested in such new corporation for the same uses and purposes for which it was held and to be used by the old corporation.
Structure 2021 Tennessee Code
Chapter 52 - Dissolution and Liquidation of Affairs
§ 6-52-101. Tax Levy to Pay Indebtedness of Former Municipality
§ 6-52-102. Collection and Disposition of Tax
§ 6-52-104. Apportionment and Distribution of Condemnation Proceeds
§ 6-52-105. New Corporation as Successor to Old