# Tenn. Code Ann. § 49-4-110: Revocation of authorization

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-110

## Section

- **Citation:** Tenn. Code Ann. § 49-4-110
- **Heading:** Revocation of authorization
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 49 / Chapter 4 / Section 49-4-110

## Text

The commissioner shall have the power to revoke the certificate of authority or bring proceedings for the dissolution or liquidation of a corporation pursuant to regulations promulgated by the commissioner relating to notice, hearing and opportunity for review, whenever the commissioner finds that: (1) The corporation is being operated for profit; (2) The affairs of the corporation are being fraudulently conducted; (3) The corporation is guilty of a violation of any of this part; (4) The certificate of authority was obtained by fraud; (5) The corporation is guilty of false or misleading advertising; (6) Trust funds have been or are being used for purposes other than scholarships; (7) There has been a material variance between any plan or plans as filed with the commissioner and the actual administration of the plan or plans to the detriment of any member, trustee of member or class of member; (8) The corporation has willfully failed to file reports required by the commissioner pursuant to this part; or (9) The corporation has refused or prevented examination of its books and records by the commissioner. Acts 1968, ch. 589, § 12; T.C.A., § 49-4512.
The commissioner shall have the power to revoke the certificate of authority or bring proceedings for the dissolution or liquidation of a corporation pursuant to regulations promulgated by the commissioner relating to notice, hearing and opportunity for review, whenever the commissioner finds that:
(1) The corporation is being operated for profit;
(2) The affairs of the corporation are being fraudulently conducted;
(3) The corporation is guilty of a violation of any of this part;
(4) The certificate of authority was obtained by fraud;
(5) The corporation is guilty of false or misleading advertising;
(6) Trust funds have been or are being used for purposes other than scholarships;
(7) There has been a material variance between any plan or plans as filed with the commissioner and the actual administration of the plan or plans to the detriment of any member, trustee of member or class of member;
(8) The corporation has willfully failed to file reports required by the commissioner pursuant to this part; or
(9) The corporation has refused or prevented examination of its books and records by the commissioner.
Acts 1968, ch. 589, § 12; T.C.A., § 49-4512.

## 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_S49-4-110. Check the current official text before relying on it. Not legal advice.