Tennessee § 45-5-506 - Bar from industry.
Full text of Tennessee Tennessee Code Annotated § 45-5-506 — Bar from industry., with citation guidance and answers to common questions.
§ 45-5-506. Bar from industry.
If the crime or civil or administrative judgment involved any offense reasonably related to the qualifications, functions, or duties of a person engaged in the business in accordance with this chapter, the commissioner, after notice and opportunity for hearing, may censure, suspend for a period not to exceed twelve (12) months, or bar a person from any position of management, control, employment or providing services for any registrant or other person subject to the commissioner's jurisdiction, if the commissioner finds that the: Censure, suspension or bar is in the public interest and that the person has committed or caused a violation of this chapter, a rule or regulation, or an order of the commissioner; or Person has been: Convicted of or pled guilty to or nolo contendere to any crime; or Held liable in any civil action by final judgment, or any administrative judgment by any public agency. Persons suspended or barred under this section are prohibited from participating in any business activity of a registrant and from engaging in any business activity on the premises where a registrant is conducting its business. This subsection (b) shall not be construed to prohibit suspended or barred persons from having their personal transactions processed by a registrant. This section shall apply to any violation, conviction, plea, or judgment after July 1, 2001. Acts 2001, ch. 165, § 9; 2004, ch. 747, § 15.
Frequently Asked Questions About Tennessee § 45-5-506
What does Tennessee Code Annotated § 45-5-506 cover?
Section 45-5-506 ("Bar from industry.") 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 § 45-5-506?
A common citation format is "Tennessee Code Annotated § 45-5-506" (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 § 45-5-506 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.