Tennessee § 47-25-603 - Purpose.
Full text of Tennessee Tennessee Code Annotated § 47-25-603 — Purpose., with citation guidance and answers to common questions.
§ 47-25-603. Purpose.
The purpose of this part is to regulate vertical integration of the petroleum industry in Tennessee, it being the conclusion of the general assembly hereby expressed that vertical integration tends to operate in restraint of free trade and inhibits full and free competition and, therefore, tends to increase the price of petroleum and related products and services as prohibited under part 1 of this chapter. Independent and small dealers and distributors of petroleum and related products are vital to a healthy, competitive marketplace, but are unable to survive subsidized below-cost pricing at the retail level by others who have other sources of income. Below-cost selling laws have been effective in preserving independent and small retailers and wholesalers in other trades and businesses from subsidized pricing. Subsidized pricing is inherently unfair and destructive to, and reduces competition in, the motor fuel marketing industry, and is a form of predatory pricing. An additional purpose of this part is to prevent and eliminate subsidized pricing of petroleum and related products. Acts 1975, ch. 232, § 1; T.C.A., § 69-703; Acts 1988, ch. 1033, § 3. Law Reviews. Gasoline Marketing Divestiture Statutes — A Preliminary Constitutional and Economic Assessment (Hunter M. Meriwether and James Carlos Smith), I Introduction, 28 Vand. L. Rev. 1278. Cited: Shah v. Racetrac Petroleum Co., 338 F.3d 557, 2003 FED App. 244P, 2003 U.S. App. LEXIS 14749 (6th Cir. Tenn. 2003).
Frequently Asked Questions About Tennessee § 47-25-603
What does Tennessee Code Annotated § 47-25-603 cover?
Section 47-25-603 ("Purpose.") 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 § 47-25-603?
A common citation format is "Tennessee Code Annotated § 47-25-603" (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 § 47-25-603 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.