Tennessee Statutes

§ 56-10-108 — Merger of subsidiary company

Tennessee § 56-10-108

This text of Tennessee § 56-10-108 (Merger of subsidiary company) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 56-10-108 (2026).

Text

If the domestic company owns at least ninety percent (90%) of the outstanding shares of another domestic or foreign stock insurance company, it may merge the other company into itself without approval by a vote of the shareholders of either company in accordance with § 48-21-102 . In the event, the approval of the commissioner shall be obtained in the manner specified in § 56-10-104 .

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Legislative History

Acts 1968, ch. 448, § 4; impl. am. Acts 1971, ch. 137, § 2; T.C.A., § 56-3608.

Nearby Sections

15
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Bluebook (online)
Tennessee § 56-10-108, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-10-108.