Tennessee § 56-18-103 - Board of directors — Powers — Qualifications.
Full text of Tennessee Tennessee Code Annotated § 56-18-103 — Board of directors — Powers — Qualifications., with citation guidance and answers to common questions.
§ 56-18-103. Board of directors — Powers — Qualifications.
The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be under the control and government of, a board of directors composed of not less than fifteen (15) nor more than twenty-one (21) natural persons who are policyholders and who are at least eighteen (18) years of age, and at least seven (7) of whom are residents and citizens of this state. Acts 1949, ch. 91, § 8; C. Supp. 1950, § 6433.20 (Williams, § 6433.24); impl. am. Acts 1971, ch. 162, § 3; T.C.A. (orig. ed.), § 56-1604.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-18-103
What does Tennessee Code Annotated § 56-18-103 cover?
Section 56-18-103 ("Board of directors — Powers — Qualifications.") 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 § 56-18-103?
A common citation format is "Tennessee Code Annotated § 56-18-103" (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 § 56-18-103 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.