# Tenn. Code Ann. § 56-9-105: Receivers - Restraining order and injunctive relief - Federal home loan bank > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-105 ## Section - **Citation:** Tenn. Code Ann. § 56-9-105 - **Heading:** Receivers - Restraining order and injunctive relief - Federal home loan bank - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 56 / Chapter 9 / Section 56-9-105 ## Text (a) Any receiver appointed in a proceeding under this chapter may at any time apply for, and any court of general jurisdiction may grant, the restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent: (1) The transaction of further business; (2) The transfer of property; (3) Interference with the receiver or with a proceeding under this chapter; (4) Waste of the insurer's assets; (5) Dissipation and transfer of bank accounts; (6) The institution or further prosecution of any actions or proceedings; (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders; (8) The levying of execution against the insurer, its assets or its policyholders; (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; (10) The withholding from the receiver of books, accounts, documents or other records relating to the business of the insurer; or (11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors or shareholders, or the administration of any proceeding under this chapter. (b) The receiver may apply to any court outside of this state for the relief described in subsection (a). (c) Notwithstanding subsections (a) and (b) and any other provision of this title, a federal home loan bank shall not be stayed, enjoined, or prohibited from exercising or enforcing any right or cause of action regarding collateral pledged under a security agreement or under any pledge agreement, security agreement, collateral agreement, or other similar arrangement or credit enhancement relating to a security agreement to which the federal home loan bank is a party. Amended by 2019 Tenn. Acts, ch. 430,s 2, eff. 5/21/2019. Acts 1991, ch. 142, § 4. (a) Any receiver appointed in a proceeding under this chapter may at any time apply for, and any court of general jurisdiction may grant, the restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent: (1) The transaction of further business; (2) The transfer of property; (3) Interference with the receiver or with a proceeding under this chapter; (4) Waste of the insurer's assets; (5) Dissipation and transfer of bank accounts; (6) The institution or further prosecution of any actions or proceedings; (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders; (8) The levying of execution against the insurer, its assets or its policyholders; (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; (10) The withholding from the receiver of books, accounts, documents or other records relating to the business of the insurer; or (11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors or shareholders, or the administration of any proceeding under this chapter. (1) The transaction of further business; (2) The transfer of property; (3) Interference with the receiver or with a proceeding under this chapter; (4) Waste of the insurer's assets; (5) Dissipation and transfer of bank accounts; (6) The institution or further prosecution of any actions or proceedings; (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders; (8) The levying of execution against the insurer, its assets or its policyholders; (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; further prosecution of any actions or proceedings; (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders; (8) The levying of execution against the insurer, its assets or its policyholders; (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; (10) The withholding from the receiver of books, accounts, documents or other records relating to the business of the insurer; or (11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors or shareholders, or the administration of any proceeding under this chapter. (b) The receiver may apply to any court outside of this state for the relief described in subsection (a). (c) Notwithstanding subsections (a) and (b) and any other provision of this title, a federal home loan bank shall not be stayed, enjoined, or prohibited from exercising or enforcing any right or cause of action regarding collateral pledged under a security agreement or under any pledge agreement, security agreement, collateral agreement, or other similar arrangement or credit enhancement relating to a security agreement to which the federal home loan bank is a party. Amended by 2019 Tenn. Acts, ch. 430,s 2, eff. 5/21/2019. Acts 1991, ch. 142, § 4. ## Nearby sections - [Tenn. Code Ann. § 56-9-101 Short title - Liberal construction - Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-101.md) - [Tenn. Code Ann. § 56-9-102 Applicability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-102.md) - [Tenn. Code Ann. § 56-9-103 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-103.md) - [Tenn. Code Ann. § 56-9-104 Delinquency proceeding - Commencement - Jurisdiction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-104.md) - [Tenn. Code Ann. § 56-9-105 Receivers - Restraining order and injunctive relief - Federal home loan bank](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-105.md) - [Tenn. Code Ann. § 56-9-106 Obligation to cooperate with commissioner - Obstruction of, or interference with, commissioner - Penalties](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-106.md) - [Tenn. Code Ann. § 56-9-107 Applicability](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-107.md) - [Tenn. Code Ann. § 56-9-108 Insurers subject to delinquency proceedings - Restrictions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-108.md) - [Tenn. Code Ann. § 56-9-109 Authentication of documents - Petitions and exhibitions - Cost of reproducing records](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-109.md) - [Tenn. Code Ann. § 56-9-201 Grounds for filing by commissioner - Court order](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-201.md) - [Tenn. Code Ann. § 56-9-202 Records of delinquency proceedings - Confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-202.md) - [Tenn. Code Ann. § 56-9-301 Rehabilitation of insurers - Grounds for filing petition](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-301.md) - [Tenn. Code Ann. § 56-9-302 Order to rehabilitate business of insurer - Effect](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-302.md) - [Tenn. Code Ann. § 56-9-303 Rehabilitator - Duties and authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-303.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C9_S56-9-105. Check the current official text before relying on it. Not legal advice.