2021 Tennessee Code
Chapter 19 - Mutual Insurance Companies Other Than Life
§ 56-19-101. Incorporators — Number — Residence Qualifications

Any number of persons, not less than twenty (20), a majority of whom are bona fide residents of this state, by complying with this chapter, may become, together with others who may thereafter be associated with them or their successors, a body corporate for the purpose of carrying on the business of mutual insurance as provided in this chapter.