Tennessee § 47-25-105 - Liability for debts of trust, etc.
Full text of Tennessee Tennessee Code Annotated § 47-25-105 — Liability for debts of trust, etc., with citation guidance and answers to common questions.
§ 47-25-105. Liability for debts of trust, etc.
All persons and corporations, and the officers and the stockholders of all corporations, that become or continue to be members of, or in any way connected with or concerned in, any such trust, contract, agreement, or combination, shall be jointly and severally liable to pay all the debts, obligations, and liabilities of each and every person and corporation that become or continue to be a member thereof, connected therewith, or concerned therein, as fully as if all were partners in the creation of such debts, obligations, and liabilities. Acts 1891, ch. 218, § 3; Shan., § 3187; Code 1932, § 5884; T.C.A. (orig. ed.), § 69-105. Textbooks. Tennessee Jurisprudence, 19 Tenn. Juris., Monopolies and Restraints of Trade, § 3. Cited: Metropolitan Government of Nashville & Davidson County v. Ashland Oil, Inc., 529 F. Supp. 407, 1982 U.S. Dist. LEXIS 10343 (M.D. Tenn. 1982).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-25-105
What does Tennessee Code Annotated § 47-25-105 cover?
Section 47-25-105 ("Liability for debts of trust, etc.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-25-105?
A common citation format is "Tennessee Code Annotated § 47-25-105" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-25-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.