• (a) It is unlawful for any manufacturer or wholesale distributor to pay or give a subsidy to any finance company or finance agency or class of persons, or to discriminate against or in favor of any finance company or finance agency or class of persons.

  • Terms Used In Tennessee Code 55-13-104

    • Finance company or finance agency: means any person engaged in the business of financing the sale of motor vehicles, or engaged in the business of purchasing or acquiring promissory notes, either secured by vendor's lien or chattel mortgage, arising from the sale of motor vehicles in this state. See Tennessee Code 55-13-101
    • Manufacturer: means any person who is engaged, either directly or indirectly, in the manufacture of motor vehicles. See Tennessee Code 55-13-101
    • Persons: means any individual, firm, corporation, partnership, association, trustee, receiver or assignee for the benefit of creditors. See Tennessee Code 55-13-101
    • Wholesale distributor: means any person engaged, directly or indirectly, in the sale or distribution of motor vehicles to agents or to dealers. See Tennessee Code 55-13-101

    (b) It is unlawful for any finance company or finance agency or class of persons to accept any such subsidy or the benefit of any such discrimination.