Receiver for corporation in dissolution

Tenn. Code Ann. § 29-35-118, under Usurpation or Forfeiture of Office or Franchise — Corporate Misdeeds.

Tenn. Code Ann. § 29-35-118

Such judgment of dissolution shall not extinguish the debt due to or from the corporation; but the court shall appoint a receiver, with full power to take possession of all the debts and property, and sell, dispose of, collect, and distribute the same among the creditors and other persons interested, under the orders of the court.