Tennessee § 56-18-115 - Existing contracts not affected by conversion of stock life insurance company into mutual.
Full text of Tennessee Tennessee Code Annotated § 56-18-115 — Existing contracts not affected by conversion of stock life insurance company into mutual., with citation guidance and answers to common questions.
§ 56-18-115. Existing contracts not affected by conversion of stock life insurance company into mutual.
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. Acts 1949, ch. 91, § 6; C. Supp. 1950, § 6433.18 (Williams, § 6433.22); T.C.A. (orig. ed.), § 56-1616.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-18-115
What does Tennessee Code Annotated § 56-18-115 cover?
Section 56-18-115 ("Existing contracts not affected by conversion of stock life insurance company into mutual.") 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 § 56-18-115?
A common citation format is "Tennessee Code Annotated § 56-18-115" (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 § 56-18-115 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.