Tennessee § 62-21-131 Surety bond for new charter in category 7

Tennessee Statutes

§ 62-21-131 — Surety bond for new charter in category 7

Tennessee § 62-21-131

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This text of Tennessee § 62-21-131 (Surety bond for new charter in category 7) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 62-21-131 (2026).

Text

A person, company or corporation applying for a new charter in category 7 shall furnish a surety bond in the amount of fifty thousand dollars ($50,000) for the first three (3) years a person, company or corporation is in business. In the fourth year and subsequent years in business, the surety bond shall be ten thousand dollars ($10,000) per year. This section shall not apply to a person, company or corporation that, on July 1, 2005, has a current commercial pest control operator business charter as required by § 62-21-103 .

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A person, company or corporation applying for a new charter in category 7 shall furnish a surety bond in the amount of fifty thousand dollars ($50,000) for the first three (3) years a person, company or corporation is in business. In the fourth year and subsequent years in business, the surety bond shall be ten thousand dollars ($10,000) per year. This section shall not apply to a person, company or corporation that, on July 1, 2005, has a current commercial pest control operator business charter as required by § 62-21-103 .