45-2-1707 - Payment of penalties and judgments against others. - Tennessee Statutes

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45-2-1707. Payment of penalties and judgments against others.

(a) 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.

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

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

State Codes and Statutes

Statutes > Tennessee > Title-45 > Chapter-2 > Part-17 > 45-2-1707

45-2-1707. Payment of penalties and judgments against others.

(a) 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.

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

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-45 > Chapter-2 > Part-17 > 45-2-1707

45-2-1707. Payment of penalties and judgments against others.

(a) 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.

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

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