Tennessee § 30-2-704 - Refunding bonds.
Full text of Tennessee Tennessee Code Annotated § 30-2-704 — Refunding bonds., with citation guidance and answers to common questions.
§ 30-2-704. Refunding bonds.
Every legatee and distributee, or representative of a legatee or distributee, who applies for payment of that person's portion of the decedent's estate, or any part thereof, prior to the time provided by law, shall, before receiving the payment, give bond with two (2) or more sufficient sureties, or one (1) corporate surety, in double the amount to be paid, payable to the state, conditioned that if any debt or debts truly owing by the deceased shall be afterwards sued for and recovered or be otherwise duly made to appear, the legatee or distributee shall refund and pay the ratable part of the debt or debts out of the share or part so allotted to the legatee or distributee. Code 1858, § 2316 (deriv. Acts 1715, ch. 48, § 7; 1789, ch. 23, § 2); Shan., § 4053; mod. Code 1932, § 8336; mod. C. Supp. 1950, § 8336; T.C.A. (orig. ed.), § 30-1304. Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), §§ 694, 795.
Frequently Asked Questions About Tennessee § 30-2-704
What does Tennessee Code Annotated § 30-2-704 cover?
Section 30-2-704 ("Refunding bonds.") 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 § 30-2-704?
A common citation format is "Tennessee Code Annotated § 30-2-704" (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 § 30-2-704 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.