Tennessee § 48-63-101 - Prohibited distributions.
Full text of Tennessee Tennessee Code Annotated § 48-63-101 — Prohibited distributions., with citation guidance and answers to common questions.
§ 48-63-101. Prohibited distributions.
Except as authorized by § 48-63-102 , a corporation shall not make any distributions. Acts 1987, ch. 242, § 13.01. Cross-References. Application of nonprofit corporation law, title 48, chs. 51-67, to corporations existing on January 1, 1988, § 48-68-101 . Business corporations, shares and distributions, title 48, ch. 16. Inapplicability of Nonprofit Corporation Act to certain rural electric and community services cooperatives, § 65-25-125 .
Frequently Asked Questions About Tennessee § 48-63-101
What does Tennessee Code Annotated § 48-63-101 cover?
Section 48-63-101 ("Prohibited distributions.") 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 § 48-63-101?
A common citation format is "Tennessee Code Annotated § 48-63-101" (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 § 48-63-101 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.