2021 Tennessee Code
Part 3 - Investments of Domestic Life Insurance Companies
§ 56-3-306. Time for Disposal of Real Estate — Extension of Time

Real property specified in § 56-3-305(a)(2)-(4), which is not necessary for its accommodation in the convenient transaction of its business, shall be sold and disposed of within five (5) years after the company has acquired title to the property, or within five (5) years after the property has ceased to be necessary for the accommodation of its business, and it shall not hold the property for a longer period unless it complies with either of the following: