{"data":{"id":"us-tn/tenn.-code-ann.-56-21-103","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-21-103","heading":"Interest and dividends from guaranty capital securities to subscribers - Dividends on paid-up shares","body":"Every mutual fire insurance company organized with a guaranty capital may allow its subscribers all the interest and dividends accruing from the guaranty capital securities, according to the amount paid in or deposited by the respective guarantors, and, in addition, may pay the guarantors dividends of not exceeding six percent (6%) per annum on their respective paid-up shares; provided, that the surplus at the end of each year, over and above all liabilities, including reinsurance reserve and guaranty capital, is sufficient to pay the dividends.","path":["TN Code","Title 56","Chapter 21"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"aee9c317996cda106e9ef8b67f5e3d363ec7cc2f45ff632a3edfd108dd392200","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-21-102","next":"us-tn/tenn.-code-ann.-56-21-104"},"notice":"GroundRules: Original legal text. Not legal advice."}