Tenn. Code § 6-54-108

Current through Acts 2023-2024, ch. 1003

Section 6-54-108 - Penalty for unlawful interest of officer

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.

T.C.A. § 6-54-108

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.