State of Tennessee Ex Rel. Herbert H. Slatery, III, Attorney General and Reporter v. Seniortrust of Florida, Inc.

The Attorney General brought a judicial dissolution action against two nonprofit public benefit corporations.  The main issue in this appeal is the scope of the Attorney General’s authority to determine the use of the funds remaining after the dissolution of these two nonprofit corporations and the payment of all of their debts.  Finding no abuse of discretion in the trial court’s decision to reject the Attorney General’s proposed plan for the distribution of the nonprofits’ remaining funds, we affirm the trial court’s decision.