Tennessee § 12-4-102 - Penalty for unlawful interest.
Full text of Tennessee Tennessee Code Annotated § 12-4-102 — Penalty for unlawful interest., with citation guidance and answers to common questions.
§ 12-4-102. Penalty for unlawful interest.
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. Acts 1869-1870, ch. 92, §§ 2, 3; Shan., §§ 1134, 1135; Code 1932, §§ 1875, 1876; T.C.A. (orig. ed.), § 12-402; Acts 1983, ch. 388, § 5. Compiler's Notes. For the disposition of sections in title 12, ch. 3, as amended by Acts 2013, ch. 403, effective July 1, 2013, please see the table of disposition in § 12-3-101 . Textbooks. Tennessee Jurisprudence, 21 Tenn. Juris., Public Officers, § 28. Law Reviews. Defending the Public Interest: Citizen Suits for Restitution Against Bribed Officials, 48 Tenn. L. Rev. 347. Attorney General Opinions. Under this section, an officer who enters into a contract in violation of T.C.A. § 12-4-101 must forfeit compensation under the contract; a suit to enforce this provision is a quo warranto action that ordinarily must be brought by the district attorney general, OAG 04-016, 2004 Tenn. AG LEXIS 16 (2/05/04).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 12-4-102
What does Tennessee Code Annotated § 12-4-102 cover?
Section 12-4-102 ("Penalty for unlawful interest.") 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 § 12-4-102?
A common citation format is "Tennessee Code Annotated § 12-4-102" (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 § 12-4-102 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.