Tennessee Code 28-3-113 – Municipal bonds
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Terms Used In Tennessee Code 28-3-113
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
Actions against any county, city, town, utility district, special school district or any other municipality or political subdivision of the state for the payment of any bond issued thereby, or for the payment of any coupon representing interest on such bond, shall be commenced within fifteen (15) years after the maturity date of such bond unless such county, municipality, district or political subdivision by action of its governing body shall waive such limitation.