Tennessee § 9-3-103 - Term of loan agreements — Security for loan agreement.
Full text of Tennessee Tennessee Code Annotated § 9-3-103 — Term of loan agreements — Security for loan agreement., with citation guidance and answers to common questions.
§ 9-3-103. Term of loan agreements — Security for loan agreement.
Whenever any county, metropolitan government, incorporated town or city or special district of this state is authorized by law to enter into any loan agreement, indenture or other contract or instrument for the borrowing of money, such loan agreement, indenture or other contract or instrument may be for such term as the parties thereto may agree, but in no event may such term exceed forty (40) years or the term otherwise authorized by law, and may provide for such security as authorized by law for the term of such loan agreement, indenture or other contract or instrument. Acts 1985, ch. 118, § 11. Compiler's Notes. Former § 9-3-103 was transferred to § 9-3-203 in 1985.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-3-103
What does Tennessee Code Annotated § 9-3-103 cover?
Section 9-3-103 ("Term of loan agreements — Security for loan agreement.") 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 § 9-3-103?
A common citation format is "Tennessee Code Annotated § 9-3-103" (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 § 9-3-103 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.