Tennessee Code 26-3-110 – Liability on forfeited delivery bond
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 26-3-110
- Property: includes both personal and real property. See Tennessee Code 1-3-105
The sureties on a forfeited delivery bond shall not be held responsible for more than the value of the property specified in the bond, and not delivered according to its condition; and the value of the property, if not agreed upon, shall be ascertained in a summary way by a jury of five (5) disinterested persons, summoned by the officer making the levy or holding the execution, whose valuation shall be final.