Tennessee § 12-4-102 Penalty for unlawful interest

Tennessee Statutes

§ 12-4-102 — Penalty for unlawful interest

Tennessee § 12-4-102

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This text of Tennessee § 12-4-102 (Penalty for unlawful interest) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 12-4-102 (2026).

Text

Should any person, acting as such officer, committee member, director, or other person referred to in § 12-4-101 , be or become directly or unlawfully indirectly interested in any such contract, such person shall forfeit all pay and compensation therefor. Such officer shall be dismissed from such office the officer then occupies, and be ineligible for the same or a similar position for ten (10) years.

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Should any person, acting as such officer, committee member, director, or other person referred to in § 12-4-101 , be or become directly or unlawfully indirectly interested in any such contract, such person shall forfeit all pay and compensation therefor. Such officer shall be dismissed from such office the officer then occupies, and be ineligible for the same or a similar position for ten (10) years.