Tennessee § 56-3-707 Conditions exempting equity securities

Tennessee Statutes

§ 56-3-707 — Conditions exempting equity securities

Tennessee § 56-3-707

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This text of Tennessee § 56-3-707 (Conditions exempting equity securities) 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. § 56-3-707 (2026).

Text

Sections 56-3-702 - 56-3-704 do not apply to equity securities of a domestic stock insurance company if:

(1)The securities are registered, or are required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. § 78 l ); or (2) The domestic stock insurance company does not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to §§ 56-3-702 - 56-3-704, except for this subdivision (2).

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Sections 56-3-702 - 56-3-704 do not apply to equity securities of a domestic stock insurance company if: (1) The securities are registered, or are required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. § 78 l ); or (2) The domestic stock insurance company does not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to §§ 56-3-702 - 56-3-704, except for this subdivision (2).