Tennessee § 56-9-309 - Liquidation of insurer — Dissolution of corporate existence.
Full text of Tennessee Tennessee Code Annotated § 56-9-309 — Liquidation of insurer — Dissolution of corporate existence., with citation guidance and answers to common questions.
§ 56-9-309. Liquidation of insurer — Dissolution of corporate existence.
The commissioner may petition for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time the commissioner applies for a liquidation order. The court shall order dissolution of the corporation upon petition by the commissioner upon or after the granting of a liquidation order. If the dissolution has not previously been ordered, it shall be effected by operation of law upon the discharge of the liquidator if the insurer is insolvent but may be ordered by the court upon the discharge of the liquidator if the insurer is under a liquidation order for some other reason. 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 § 56-9-309
What does Tennessee Code Annotated § 56-9-309 cover?
Section 56-9-309 ("Liquidation of insurer — Dissolution of corporate existence.") 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 § 56-9-309?
A common citation format is "Tennessee Code Annotated § 56-9-309" (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 § 56-9-309 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.