Tennessee § 59-13-140 - Fees — Liability for privilege tax.
Full text of Tennessee Tennessee Code Annotated § 59-13-140 — Fees — Liability for privilege tax., with citation guidance and answers to common questions.
§ 59-13-140. Fees — Liability for privilege tax.
Each association, organized pursuant to this chapter, shall pay an annual fee of ten dollars ($10.00) only, in lieu of all franchise or license or corporation or other privilege taxes or taxes or charges upon reserves held by it for members; provided, however, that if any association organized pursuant to this chapter sells to persons other than its own members any product or merchandise other than coal or its derivative products, such association shall be liable for any privilege tax with respect to such transactions or method of doing business imposed under the laws of Tennessee, other than franchise and excise taxes and corporation filing fees or charges upon reserves held by it for members. For filing articles of incorporation, an association organized pursuant to this chapter shall pay ten dollars ($10.00); and for filing an amendment to the articles, two dollars and fifty cents ($2.50). Acts 1984, ch. 864, §§ 43, 44.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 59-13-140
What does Tennessee Code Annotated § 59-13-140 cover?
Section 59-13-140 ("Fees — Liability for privilege tax.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 59-13-140?
A common citation format is "Tennessee Code Annotated § 59-13-140" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 59-13-140 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.