49-4-104 - Unauthorized solicitation or advertising.
49-4-104. Unauthorized solicitation or advertising.
It is unlawful for any person, firm, corporation or corporation for profit to:
(1) Solicit funds for the operation of any plan, except as provided in this part; or
(2) Advertise any plan prior to the approval of the advertisement by the commissioner, to prevent material misrepresentation of law or fact with regard to the plan.
[Acts 1968, ch. 589, §§ 2, 4; T.C.A., §§ 49-4502, 49-4504.]