Tennessee Statutes
§ 56-21-106 — Retirement or liquidation of guaranty capital
Tennessee § 56-21-106
JurisdictionTennessee
Title56
This text of Tennessee § 56-21-106 (Retirement or liquidation of guaranty capital) 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. § 56-21-106 (2026).
Text
A mutual fire insurance company may at any time use any surplus over and above all liabilities, including reinsurance reserve, for the purpose of retiring or liquidating any part of its guaranty capital. All of the guaranty capital shall be retired when an amount of net surplus of one million five hundred thousand dollars ($1,500,000) shall have been accumulated.
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Legislative History
Acts 1907, ch. 461, § 4; Shan., § 3369a10; Acts 1921, ch. 160, § 4; Code 1932, § 6261; Acts 1972, ch. 703, § 1; T.C.A. (orig. ed.), § 56-2008.
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Bluebook (online)
Tennessee § 56-21-106, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/56-21-106.