Tennessee § 64-10-217 - Dissolution of the corporation — Distribution of assets.
Full text of Tennessee Tennessee Code Annotated § 64-10-217 — Dissolution of the corporation — Distribution of assets., with citation guidance and answers to common questions.
§ 64-10-217. Dissolution of the corporation — Distribution of assets.
Upon the dissolution of the corporation, after all creditors of the corporation have been paid, its assets shall be distributed to one (1) or more organizations that qualify as exempt organizations under § 501(c)(3) of the Internal Revenue Code of 1986, or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government or an institution of the board of regents system for exclusively public purposes. Acts 2013, ch. 474, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 64-10-217
What does Tennessee Code Annotated § 64-10-217 cover?
Section 64-10-217 ("Dissolution of the corporation — Distribution of assets.") 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 § 64-10-217?
A common citation format is "Tennessee Code Annotated § 64-10-217" (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 § 64-10-217 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.