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Tenn. Code Ann. § 45-2-1707

Payment of penalties and judgments against others

Acts 1969, ch. 36, § 1 (3.607); T.C.A., § 45-1107; Acts 1989, ch. 591, § 113.

(1) It is unlawful for a state bank to pay a fine or penalty imposed by law upon any other person or any judgment against the person or to reimburse directly, or indirectly, any person by whom the fine, penalty or judgment has been paid, except in settlement of its own liability or in connection with the acquisition of property against which the judgment is a lien, or as provided in § 45-2-211.

(2) A violation of this section is a Class C misdemeanor.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.