43 chapters · 813 sections in this title.
Tenn. Code Ann. § 29-34-503 Application of limitations
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(a) The limitations in § 29-34-504 shall apply to any successor corporation. (b) The limitations of § 29-34-504 shall not apply to:(1) Workers' compensation benefits paid by or on behalf of an employer to an employee under the Workers' Compensation Law, compiled in title 50, chap…
Tenn. Code Ann. § 29-34-504 Limitations on cumulative successor asbestos-related liabilities
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(a) Except as otherwise provided in subsection (b), the cumulative successor asbestos-related liabilities of a successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. The succ…
Tenn. Code Ann. § 29-34-505 Establishment of fair market value
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(a) A successor corporation may establish the fair market value of total gross assets for the purpose of the limitations under § 29-34-504 through generally accepted accounting principles, including:(1) By reference to the going concern value of the assets or to the purchase pric…
Tenn. Code Ann. § 29-34-506 Rate of annual increase of fair market value
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(a) Except as otherwise provided in this section, the fair market value of total gross assets at the time of the merger or consolidation shall increase annually at a rate equal to the sum of:(1) The prime rate as listed in the first edition of the Wall Street Journal published fo…