56-4-303 - Business within state.
56-4-303. Business within state.
(a) Each investment company issuing its certificates, investment contracts, income reserve contracts, or instruments of like nature, pursuant to applications or orders for certificates, investment contracts, income reserve contracts, or instruments of like nature, solicited within the state, shall be deemed to be engaged in business within the state, and shall be subject to the terms and provisions of this part.
(b) Each investment company issuing certificates, investment contracts, income reserve contracts, or instruments of like nature that are delivered in the state shall be deemed to be engaged in business within the state, and shall be subject to the terms and provisions of this part.
(c) Each investment company engaged in the business of writing, issuing and/or servicing or collecting installments upon the investment contracts, being issued in this state or heretofore issued, shall be subject to the terms and provisions of this part.
[Acts 1939, ch. 187, §§ 1, 2; 1943, ch. 127, § 2; C. Supp. 1950, §§ 1248.33, 1248.34 (Williams, §§ 1248.160, 1248.161); T.C.A. (orig. ed.), §§ 67-4402, 67-4-1203.]