Tennessee § 67-1-505 - Surety bond.

§ 67-1-505. Surety bond.

Each county assessor, before entering into the duties of office, shall enter into an official bond prepared in accordance with title 8, chapter 19, payable to the state of Tennessee, in the sum of fifty thousand dollars ($50,000), to be approved by the county mayor, conditioned in such manner as required by § 8-19-111. The bond shall be approved by the county legislative body, recorded in the office of the county register of deeds and transmitted to the office of the county clerk for safekeeping. Each county assessor of the state shall, on or before the January 1 following election, execute and enter into a new bond in the amounts provided by law and conditioned as directed in subsection (a), and it is unlawful after that date for any assessor to perform the duties of assessor without giving such bond. If such bond is not made by that date, that office shall become vacant and shall be filled as may be provided by law. Acts 1973, ch. 226, § 3; 1976, ch. 616, § 2; 1977, ch. 270, § 22; 1978, ch. 689, §§ 11, 12; impl. am. Acts 1978, ch. 934, §§ 7, 16, 22, 36; T.C.A., §§ 67-304 — 67-306; Acts 1989, ch. 591, §§ 1, 6; 1998, ch. 677, § 19; 2003, ch. 90, § 2; 2012, ch. 974, §§ 3, 4. Compiler's Notes. Acts 2003, ch. 90, § 2, directed the code commission to change all references from “county executive” to “county mayor” and to include all such changes in supplements and replacement volumes for the Tennessee Code Annotated. Acts 2012, ch. 974, § 6, which amended subdivision (a)(1), and deleted subdivision (a)(2) and subsection (c), provided that the act shall apply to the renewal or obtaining of an official bond for any bonding after May 10, 2012. Cited: Pharris v. Looper, 6 F. Supp. 2d 720, 1998 U.S. Dist. LEXIS 7843 (M.D. Tenn. 1998).