Tennessee § 55-13-102 - Financing agreements limiting competition unlawful.
Full text of Tennessee Tennessee Code Annotated § 55-13-102 — Financing agreements limiting competition unlawful., with citation guidance and answers to common questions.
§ 55-13-102. Financing agreements limiting competition unlawful.
It is unlawful for any manufacturer or wholesale distributor of motor vehicles to sell or contract for the sale of motor vehicles to any motor vehicle dealer on the condition, or the agreement, expressed or implied, that the dealer shall finance the purchase or sale of motor vehicles only through a designated finance company or finance agency or class of persons. Any such condition or agreement, having the effect of eliminating competition in the business of financing the sale of motor vehicles is declared to be against the public policy of the state, and the condition or agreement shall be unlawful, void and unenforceable. Acts 1937, ch. 244, § 2; C. Supp. 1950, § 6770.26 (Williams, § 6770.15); T.C.A. (orig. ed.), § 59-1302.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 55-13-102
What does Tennessee Code Annotated § 55-13-102 cover?
Section 55-13-102 ("Financing agreements limiting competition unlawful.") 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 § 55-13-102?
A common citation format is "Tennessee Code Annotated § 55-13-102" (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 § 55-13-102 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.