Tennessee Code 54-1-201 – Contracts in which officers of department of transportation or relatives interested prohibited and void
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Terms Used In Tennessee Code 54-1-201
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the department of transportation. See Tennessee Code 54-5-103
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
No contract shall be let to or made with any person in which any officer of the department of transportation is interested, directly or indirectly, or with whom any officer of the department is knowingly related, either by blood or marriage within the fourth degree, computing by the civil law. Nor shall any stockholder or other person in any way interested in any firm or corporation be related within the fourth degree to any member of the department. Neither shall any engineer in the employ of the department have any interest in any contract or be knowingly related within the fourth degree to any person interested in the contract. Any contract where the interest or relationship exists shall be void.