# Tenn. Code Ann. § 49-4-109: Financial statements and examinations

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-109

## Section

- **Citation:** Tenn. Code Ann. § 49-4-109
- **Heading:** Financial statements and examinations
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 49 / Chapter 4 / Section 49-4-109

## Text

(a) Each corporation shall annually, on or before March 1 after the end of the fiscal year, file with the commissioner a statement showing the financial condition of the corporation as of the last day of the fiscal year in the form and containing the information the commissioner requires. The report shall be verified by a certified public accountant or be submitted under oath subscribed by two (2) officers of the corporation. (b) The commissioner shall have the power of visitation and examination into the affairs of the corporation. All of the books and records of the corporation shall be available to the commissioner for examination by the commissioner. The commissioner and any deputy shall have the power to summon and examine under oath any person in relation to the affairs, transactions and conditions of any corporation and to require the production of books, records, papers and other documents relating to any of the activities of the corporation. The corporation shall pay for the examinations the fees prescribed by the commissioner, which shall not be less than one hundred dollars ($100). Acts 1968, ch. 589, §§ 9, 10; T.C.A., §§ 49-4509, 49-4510.
(a) Each corporation shall annually, on or before March 1 after the end of the fiscal year, file with the commissioner a statement showing the financial condition of the corporation as of the last day of the fiscal year in the form and containing the information the commissioner requires. The report shall be verified by a certified public accountant or be submitted under oath subscribed by two (2) officers of the corporation.
(b) The commissioner shall have the power of visitation and examination into the affairs of the corporation. All of the books and records of the corporation shall be available to the commissioner for examination by the commissioner. The commissioner and any deputy shall have the power to summon and examine under oath any person in relation to the affairs, transactions and conditions of any corporation and to require the production of books, records, papers and other documents relating to any of the activities of the corporation. The corporation shall pay for the examinations the fees prescribed by the commissioner, which shall not be less than one hundred dollars ($100).
Acts 1968, ch. 589, §§ 9, 10; T.C.A., §§ 49-4509, 49-4510.

## Nearby sections

- [Tenn. Code Ann. § 49-4-101 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-101.md)
- [Tenn. Code Ann. § 49-4-102 Plans subject to law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-102.md)
- [Tenn. Code Ann. § 49-4-103 Regulation of plans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-103.md)
- [Tenn. Code Ann. § 49-4-104 Unauthorized solicitation or advertising](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-104.md)
- [Tenn. Code Ann. § 49-4-105 Corporations administering plans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-105.md)
- [Tenn. Code Ann. § 49-4-106 Participation by financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-106.md)
- [Tenn. Code Ann. § 49-4-107 Certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-107.md)
- [Tenn. Code Ann. § 49-4-108 Deposit of funds](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-108.md)
- [Tenn. Code Ann. § 49-4-109 Financial statements and examinations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-109.md)
- [Tenn. Code Ann. § 49-4-110 Revocation of authorization](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-110.md)
- [Tenn. Code Ann. § 49-4-111 Tax exemption](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-111.md)
- [Tenn. Code Ann. § 49-4-112 Violations - Penalties](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-112.md)
- [Tenn. Code Ann. § 49-4-201 Creation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-201.md)
- [Tenn. Code Ann. § 49-4-202 Board of directors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-202.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-109. Check the current official text before relying on it. Not legal advice.