Tennessee Statutes
§ 56-18-115 — Existing contracts not affected by conversion of stock life insurance company into mutual
Tennessee § 56-18-115
JurisdictionTennessee
Title56
This text of Tennessee § 56-18-115 (Existing contracts not affected by conversion of stock life insurance company into mutual) 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. § 56-18-115 (2026).
Text
Neither the retirement of its capital stock nor any other action taken under this chapter shall affect existing suits, rights or contracts of the corporation. Any deposit made by the corporation under any requirement of an applicable statute of this state shall be retained by the commissioner in trust for the benefit and security of all of the policyholders of the corporation.
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Legislative History
Acts 1949, ch. 91, § 6; C. Supp. 1950, § 6433.18 (Williams, § 6433.22); T.C.A. (orig. ed.), § 56-1616.
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Bluebook (online)
Tennessee § 56-18-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-18-115.