Tennessee Code 56-15-115 – Noncompliance with chapter – Penalty
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-15-115
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
A company that fails to comply with §§ 56-15-102 – 56-15-107 and 56-15-112 – 56-15-114, shall forfeit to the state, for every failure, not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000), to be recovered by suit in the name of the state of Tennessee, in the same courts in which suit may be brought against the company under this chapter, and the failure shall not affect the validity of any contract entered into by the company.