(a) The chancery courts have jurisdiction to grant injunctions restraining violations of this chapter upon proceedings brought by the attorney general and reporter, the district attorney general or any party in interest.
Terms Used In Tennessee Code 55-13-105
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means a natural person, firm, copartnership, association, corporation, or an engaged ADS. See Tennessee Code 55-8-101
- Persons: means any individual, firm, corporation, partnership, association, trustee, receiver or assignee for the benefit of creditors. See Tennessee Code 55-13-101
- purchase: include exchange, barter, gift, and offer to contract to sell or buy. See Tennessee Code 55-13-101
- Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
- 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
(b) For repeated violations of this chapter, the court may enjoin a finance company, finance agency, or any person or persons from thereafter engaging in the business of financing the purchase or sale of motor vehicles in this state.
(c) Where the violator is a corporation, domestic or foreign, the charter rights, franchises or privileges of the corporation or the privilege of doing business in this state may be revoked in a quo warranto proceeding brought by the attorney general and reporter or the district attorney general for the proper district. In this proceeding, the court shall enter an order or decree as it deems reasonable and proper to carry into effect this chapter and to prevent unfair competition and prohibit monopolies.