If the state treasurer diverts, misapplies, or fails to pay over any money paid, or which by law is required to be paid, into the state treasury, contrary to law, the state treasurer shall forfeit the office and be incapable of holding any office of trust or profit whatsoever in this state. The state treasurer shall, moreover, be liable to pay double the value of any sum so misapplied, to be recovered, for the use of the state, by motion of the comptroller of the treasury or the comptroller of the treasury's attorney, in any court of record in the state.
Code 1858, § 244 (deriv. Acts 1835-1836, ch. 27, § 7); Shan., § 294; Code 1932, § 251; T.C.A. (orig. ed.), § 8-513.