Section 56-3-104 - Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset

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.