Tennessee § 54-12-317 - Contractor's failure to perform on contract forfeits cash deposit or gives recovery on bond.
Full text of Tennessee Tennessee Code Annotated § 54-12-317 — Contractor's failure to perform on contract forfeits cash deposit or gives recovery on bond., with citation guidance and answers to common questions.
§ 54-12-317. Contractor's failure to perform on contract forfeits cash deposit or gives recovery on bond.
If any person to whom the work, or any portion of the work, in the improvement district has been let fails to perform the work according to the terms specified in the contract, then the cash deposit shall be forfeited for the benefit of the district and be paid into its fund; or if bond has been given by the contracting party so failing, then recovery of the damages sustained may be had by suit in the name of the payee in the bond for the use of the district, and the damage or judgment collected and paid into the fund of the district. Acts 1919, ch. 193, § 114; Shan. Supp., § 1682a128; Code 1932, § 2943; T.C.A. (orig. ed.), § 54-1517.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 54-12-317
What does Tennessee Code Annotated § 54-12-317 cover?
Section 54-12-317 ("Contractor's failure to perform on contract forfeits cash deposit or gives recovery on bond.") 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 § 54-12-317?
A common citation format is "Tennessee Code Annotated § 54-12-317" (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 § 54-12-317 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.