It is unlawful for any member of the board of trustees to be financially interested in any contract or transaction affecting the interest of the university, or to procure or be a party in any way to procuring, the appointment of any relative to any position of trust or profit connected with the university. A violation of this section subjects the member so offending to removal by the governor or board of trustees.Acts 1909, ch. 48, § 4; Shan., § 373a4; Code 1932, § 578; T.C.A. (orig. ed.), § 49-3308.
Tennessee Legal Code