A corporation, subject to this chapter, may issue contracts only when the department has, by formal license, authorized the corporation to do so.Acts 1945, ch. 98, § 4; C. Supp. 1950, § 4186.4; impl. am. Acts 1971, ch. 137, § 1; T.C.A. (orig. ed.), § 56-3004.
Tennessee Legal Code