Tennessee § 6-51-408 - Debts and liabilities — Bond funds.
Full text of Tennessee Tennessee Code Annotated § 6-51-408 — Debts and liabilities — Bond funds., with citation guidance and answers to common questions.
§ 6-51-408. Debts and liabilities — Bond funds.
All outstanding debts and liabilities of the former municipalities shall be assumed by the consolidated municipality. All the territory included within the limits of the consolidated municipality shall be liable for the floating and bonded indebtedness, including interest, of all the territory included within the consolidated municipality. Whenever at the time of the merger, however, any of the respective municipalities have on hand any bond funds voted for public improvements not already appropriated or contracted for, this money shall be kept in a separate fund and devoted to public improvements in the territory for which the bonds were voted. Acts 1989, ch. 176, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 6-51-408
What does Tennessee Code Annotated § 6-51-408 cover?
Section 6-51-408 ("Debts and liabilities — Bond funds.") 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 § 6-51-408?
A common citation format is "Tennessee Code Annotated § 6-51-408" (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 § 6-51-408 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.