47-25-105 - Liability for debts of trust, etc. - Tennessee Statutes

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.]