Tennessee § 56-36-105 - Computation of present value.
Full text of Tennessee Tennessee Code Annotated § 56-36-105 — Computation of present value., with citation guidance and answers to common questions.
§ 56-36-105. Computation of present value.
Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. The present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract. Acts 1978, ch. 590, § 5; T.C.A., § 56-4605.
Frequently Asked Questions About Tennessee § 56-36-105
What does Tennessee Code Annotated § 56-36-105 cover?
Section 56-36-105 ("Computation of present value.") 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 § 56-36-105?
A common citation format is "Tennessee Code Annotated § 56-36-105" (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 § 56-36-105 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.