Tennessee Statutes
§ 6-54-108 — Penalty for unlawful interest of officer
Tennessee·Title 6
Every officer of such corporation who shall unlawfully be concerned in making such contract, or who shall unlawfully pay money upon the same to or for any person declared incapable in § 6-54-107 , shall forfeit the amount so paid; and such officer shall be jointly and severally liable to an action for the same, which action may be prosecuted by any citizen of the corporation in its name.
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Legislative History
Code 1858, § 1399 (deriv. Acts 1857-1858, ch. 7, § 1); Shan., § 1996; mod. Code 1932, § 3498; T.C.A. (orig. ed.), § 6-627; Acts 1983, ch. 388, § 3.
Nearby Sections
15
§ 6-1-101
Charter definitions§ 6-1-202
Election to adopt charter§ 6-1-205
Effect of vote§ 6-1-206
Certification to secretary of state§ 6-1-208
Succession to old corporation§ 6-1-209
Sample petition for adoption§ 6-1-210
General validation provision§ 6-1-301
Surrender of charter