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.
Structure 2021 Tennessee Code
Chapter 18 - Mutual Life Insurance Companies
§ 56-18-101. Mutual Associations — Insuring Members
§ 56-18-103. Board of Directors — Powers — Qualifications
§ 56-18-104. Division of Board of Directors — Classification — Terms
§ 56-18-107. Voting False Proxy — Penalty
§ 56-18-109. Plan of Mutualization
§ 56-18-113. Officers of Stock Corporation Become Officers of New Mutual Corporation
§ 56-18-114. Powers of Corporation Upon Conversion
§ 56-18-115. Existing Contracts Not Affected by Conversion of Stock Life Insurance Company Into Mutual
§ 56-18-116. Abandonment of Conversion of Stock Life Insurance Company Into Mutual