# Tenn. Code Ann. § 56-3-104: Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-104

## Section

- **Citation:** Tenn. Code Ann. § 56-3-104
- **Heading:** Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 3 / Section 56-3-104

## Text

No funds of a company invested in violation of § 56-3-103 shall be allowed by the commissioner as an admitted asset of the company. Acts 1917, ch. 124, § 2; Shan., § 3369a149; Code 1932, § 6442; T.C.A. (orig. ed.), §§ 56-222, 56-311.
No funds of a company invested in violation of § 56-3-103 shall be allowed by the commissioner as an admitted asset of the company.
Acts 1917, ch. 124, § 2; Shan., § 3369a149; Code 1932, § 6442; T.C.A. (orig. ed.), §§ 56-222, 56-311.

## Nearby sections

- [Tenn. Code Ann. § 56-3-101 Investments of insurance companies organized after May 11, 1895](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-101.md)
- [Tenn. Code Ann. § 56-3-102 [Repealed]](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-102.md)
- [Tenn. Code Ann. § 56-3-103 Officers must not be pecuniarily interested in investment or disposition of funds of domestic company](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-103.md)
- [Tenn. Code Ann. § 56-3-104 Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-104.md)
- [Tenn. Code Ann. § 56-3-105 Regulation of compensation of officers, agents and employees of life insurance companies and fraternal benefit societies](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-105.md)
- [Tenn. Code Ann. § 56-3-106 Pensions to officers, directors, or trustees, or to members of their families prohibited to domestic stock or mutual life insurance companies or fraternal benefit societies - Employees' retirement plans permitted](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-106.md)
- [Tenn. Code Ann. § 56-3-107 Disbursements by life insurance companies to be upon vouchers or affidavits](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-107.md)
- [Tenn. Code Ann. § 56-3-108 Dividends - Unauthorized payment - Penalty](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-108.md)
- [Tenn. Code Ann. § 56-3-109 Dividends - Illegal division - Directors' liability to creditors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-109.md)
- [Tenn. Code Ann. § 56-3-110 Unclaimed dividends - Publication](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-110.md)
- [Tenn. Code Ann. § 56-3-111 Certain insurance companies to report settlement or judgment in health care liability claims](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-111.md)
- [Tenn. Code Ann. § 56-3-112 [Repealed]](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-112.md)
- [Tenn. Code Ann. § 56-3-113 Valuation of bonds](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-113.md)
- [Tenn. Code Ann. § 56-3-114 Valuation of securities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C3_S56-3-104. Check the current official text before relying on it. Not legal advice.