Tennessee § 56-15-107 - Sworn financial statements to be filed quarterly — Revocation of authority to do business to be mailed and published.
Full text of Tennessee Tennessee Code Annotated § 56-15-107 — Sworn financial statements to be filed quarterly — Revocation of authority to do business to be mailed and published., with citation guidance and answers to common questions.
§ 56-15-107. Sworn financial statements to be filed quarterly — Revocation of authority to do business to be mailed and published.
Every such company shall, in the months of January, April, July and October of each year, file with the commissioner a statement, signed and sworn to by its president and secretary, showing its assets and liabilities, as is required by § 56-15-104. The commissioner has the power and the duty to revoke the authority of the company to transact any new business under this chapter whenever, in the commissioner's judgment, the company is not solvent or is conducting its business in violation of this chapter. The commissioner may institute inquiry at any time into the solvency of the company, and whenever satisfied that the authority of the company to do business under this chapter should be revoked, and upon in fact revoking the authority, the commissioner shall forthwith transmit, by mail, to the county clerk of each county a properly certified copy of the act of revocation, and shall, moreover, cause to be published, in a daily newspaper issued in the cities of Knoxville, Chattanooga, Nashville, and Memphis, a copy of the order of revocation. Acts 1895, ch. 175, § 4; Shan., § 2217; mod. Code 1932, § 3949; impl. am. Acts 1978, ch. 934, §§ 22, 36; T.C.A. (orig. ed.), § 56-1407.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-15-107
What does Tennessee Code Annotated § 56-15-107 cover?
Section 56-15-107 ("Sworn financial statements to be filed quarterly — Revocation of authority to do business to be mailed and published.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 56-15-107?
A common citation format is "Tennessee Code Annotated § 56-15-107" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 56-15-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.