Tennessee § 56-3-707 - Conditions exempting equity securities.
Full text of Tennessee Tennessee Code Annotated § 56-3-707 — Conditions exempting equity securities., with citation guidance and answers to common questions.
§ 56-3-707. Conditions exempting equity securities.
Sections 56-3-702 — 56-3-704 do not apply to equity securities of a domestic stock insurance company if: The securities are registered, or are required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934 (15 U.S.C. § 78l ); or The domestic stock insurance company does not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to §§ 56-3-702 — 56-3-704, except for this subdivision (2). Acts 1965, ch. 95, § 7; T.C.A., §§ 56-256, 56-338.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-3-707
What does Tennessee Code Annotated § 56-3-707 cover?
Section 56-3-707 ("Conditions exempting equity securities.") 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 § 56-3-707?
A common citation format is "Tennessee Code Annotated § 56-3-707" (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 § 56-3-707 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.