Tennessee § 56-9-306 - Grounds for order of liquidation.
Full text of Tennessee Tennessee Code Annotated § 56-9-306 — Grounds for order of liquidation., with citation guidance and answers to common questions.
§ 56-9-306. Grounds for order of liquidation.
The commissioner may petition the chancery court of Davidson County for an order directing the commissioner to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis: Of any ground for an order of rehabilitation as specified in § 56-9-301, whether or not there has been a prior order directing the rehabilitation of the insurer; That the insurer is insolvent; or That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public. Acts 1991, ch. 142, § 4. Collateral References. Validity, construction, and application of Uniform Insurers Liquidation Act. 44 A.L.R.5th 683.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-9-306
What does Tennessee Code Annotated § 56-9-306 cover?
Section 56-9-306 ("Grounds for order of liquidation.") 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 § 56-9-306?
A common citation format is "Tennessee Code Annotated § 56-9-306" (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 § 56-9-306 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.