The constituent insurance companies may adopt a plan of merger or consolidation, or the domestic insurance company and the acquiring corporation may adopt a plan of exchange of stock, as provided in §§ 56-10-103 — 56-10-106.
Procedure for merger, consolidation or exchange of stock
Tenn. Code Ann. § 56-10-102, under General Provisions.
Tenn. Code Ann. § 56-10-102