When a stock life insurance corporation has become converted into a mutual life insurance corporation as provided in this chapter, the officers and directors shall remain as the officers and directors of the newly converted corporation until the next annual meeting for the election of officers and directors when their successors shall be elected in the manner provided for in this chapter and in the bylaws of the corporation.
Tenn. Code Ann. § 56-18-113
Officers of stock corporation become officers of new mutual corporation
Known as the Tennessee Insurance Law
The act spans §§ 56–56 (1,220 sections).
Acts 1949, ch. 91, § 7; C
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.