Tennessee § 56-20-108 - Actions to recover assessments — Penalty and interest.
Full text of Tennessee Tennessee Code Annotated § 56-20-108 — Actions to recover assessments — Penalty and interest., with citation guidance and answers to common questions.
§ 56-20-108. Actions to recover assessments — Penalty and interest.
An action may be brought by the corporation against any member to recover all assessments that the member may neglect or refuse to pay, made upon the member under this chapter, or by the bylaws of the corporation. If the corporation is compelled to bring any such action in order to collect any such assessment, it may recover the amount so assessed, with fifty percent (50%) to be added to the amount, in addition to lawful interest, as a penalty for the neglect and refusal to pay within the time required. Acts 1895, ch. 220, § 8; Shan., § 3361; Code 1932, § 6243; T.C.A. (orig. ed.), § 56-1908. Cross-References. Limitation of action to recover penalty and interest, § 56-20-111 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-20-108
What does Tennessee Code Annotated § 56-20-108 cover?
Section 56-20-108 ("Actions to recover assessments — Penalty and 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 § 56-20-108?
A common citation format is "Tennessee Code Annotated § 56-20-108" (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 § 56-20-108 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.