Tennessee Statutes
§ 56-18-103 — Board of directors - Powers - Qualifications
Tennessee § 56-18-103
JurisdictionTennessee
Title56
This text of Tennessee § 56-18-103 (Board of directors - Powers - Qualifications) 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. § 56-18-103 (2026).
Text
The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be under the control and government of, a board of directors composed of not less than fifteen (15) nor more than twenty-one (21) natural persons who are policyholders and who are at least eighteen (18) years of age, and at least seven (7) of whom are residents and citizens of this state.
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Legislative History
Acts 1949, ch. 91, § 8; C. Supp. 1950, § 6433.20 (Williams, § 6433.24); impl. am. Acts 1971, ch. 162, § 3; T.C.A. (orig. ed.), § 56-1604.
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Commissioner head of departmentCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 56-18-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-18-103.