Tennessee § 67-3-611 - New bond.
Full text of Tennessee Tennessee Code Annotated § 67-3-611 — New bond., with citation guidance and answers to common questions.
§ 67-3-611. New bond.
The commissioner may require a licensee to file a new bond with a satisfactory surety in the same form and amount, if: Liability upon the previous bond is discharged or reduced for any reason; or The commissioner determines that any surety on the previous bond becomes unsatisfactory. If the new bond is unsatisfactory, the commissioner shall cancel the license. If the new bond is satisfactorily furnished, the commissioner shall release, in writing, the surety on the previous bond from any liability accruing after the effective date of the new bond. If a licensee has a cash deposit with the commissioner and the deposit is reduced for any reason, the commissioner may require the licensee to make a new deposit equal to the amount of the reduction. Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1711 . 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 § 67-3-611
What does Tennessee Code Annotated § 67-3-611 cover?
Section 67-3-611 ("New 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 § 67-3-611?
A common citation format is "Tennessee Code Annotated § 67-3-611" (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 § 67-3-611 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.