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Terms Used In Tennessee Code 46-1-305

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

In addition to the liabilities declared in § 46-1-304, the suitor who brings suit and recovers from a stockholder, director or officer of a company shall also recover reasonable attorney’s fees, the amount of which shall be fixed and adjudged by the court before whom the case is tried.