# Tenn. Code Ann. § 12-4-102: Penalty for unlawful interest

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-102

## Section

- **Citation:** Tenn. Code Ann. § 12-4-102
- **Heading:** Penalty for unlawful interest
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 12 / Chapter 4 / Section 12-4-102

## Text

Should any person, acting as such officer, committee member, director, or other person referred to in § 12-4-101 , be or become directly or unlawfully indirectly interested in any such contract, such person shall forfeit all pay and compensation therefor. Such officer shall be dismissed from such office the officer then occupies, and be ineligible for the same or a similar position for ten (10) years. Acts 1869-1870, ch. 92, §§ 2, 3; Shan., §§ 1134, 1135; Code 1932, §§ 1875, 1876; T.C.A. (orig. ed.), § 12-402; Acts 1983, ch. 388, § 5.
Should any person, acting as such officer, committee member, director, or other person referred to in § 12-4-101 , be or become directly or unlawfully indirectly interested in any such contract, such person shall forfeit all pay and compensation therefor. Such officer shall be dismissed from such office the officer then occupies, and be ineligible for the same or a similar position for ten (10) years.
Acts 1869-1870, ch. 92, §§ 2, 3; Shan., §§ 1134, 1135; Code 1932, §§ 1875, 1876; T.C.A. (orig. ed.), § 12-402; Acts 1983, ch. 388, § 5.

## Nearby sections

- [Tenn. Code Ann. § 12-4-101 Personal interest of officers prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-101.md)
- [Tenn. Code Ann. § 12-4-102 Penalty for unlawful interest](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-102.md)
- [Tenn. Code Ann. § 12-4-103 Bidding, sale, or offer for sale by state employees or members of general assembly prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-103.md)
- [Tenn. Code Ann. § 12-4-104 Penalty for unlawful transactions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-104.md)
- [Tenn. Code Ann. § 12-4-105 Grand jury investigations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-105.md)
- [Tenn. Code Ann. § 12-4-106 Prohibition against receiving rebates, gifts, money or anything of value - Conflicts of interest](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-106.md)
- [Tenn. Code Ann. § 12-4-107 Contracts for professional services](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-107.md)
- [Tenn. Code Ann. § 12-4-108 Withdrawal of retained funds - Contractors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-108.md)
- [Tenn. Code Ann. § 12-4-109 Preplanning of capital investment projects account](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-109.md)
- [Tenn. Code Ann. § 12-4-110 Energy-related services](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-110.md)
- [Tenn. Code Ann. § 12-4-111 Standard prototype design for correctional facilities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-111.md)
- [Tenn. Code Ann. § 12-4-112 State agency contract guidelines](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-112.md)
- [Tenn. Code Ann. § 12-4-113 Deadline for addenda and questions concerning bid documents](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-113.md)
- [Tenn. Code Ann. § 12-4-114 No conflict of interest allowed](https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T12_C4_S12-4-102. Check the current official text before relying on it. Not legal advice.