Tennessee § 67-3-612 - Bond increase.
Full text of Tennessee Tennessee Code Annotated § 67-3-612 — Bond increase., with citation guidance and answers to common questions.
§ 67-3-612. Bond increase.
If the commissioner determines that the amount of the existing bond or cash deposit is insufficient to ensure payment to the state of taxes, fees, penalty and interest for which the licensee is or may become liable, the licensee shall, upon written demand from the commissioner, file a new bond or increase the cash deposit. The commissioner shall allow the licensee at least fifteen (15) days to secure the increased bond or cash deposit. The new bond or cash deposit must meet the requirements set forth in this chapter. If the new bond or cash deposit required under this section is unsatisfactory, the commissioner shall cancel the licensee's certificate. Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1712 . Compiler's Notes. Former title 67, ch. 3, parts 12-24 were transferred to title 67, ch. 3, parts 1-13 in 2003. See the parallel reference table for former and new section locations in § 67-3-101 .
Frequently Asked Questions About Tennessee § 67-3-612
What does Tennessee Code Annotated § 67-3-612 cover?
Section 67-3-612 ("Bond increase.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 67-3-612?
A common citation format is "Tennessee Code Annotated § 67-3-612" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 67-3-612 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.