Tennessee Code 62-21-131 – Surety bond for new charter in category 7
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Terms Used In Tennessee Code 62-21-131
- Category: means an area of licensing or certification for which commercial pest control operators or restricted use applicators are qualified. See Tennessee Code 62-21-102
- Charter: means an instrument issued by the department, authorizing a person, firm or corporation to engage in the business of commercial pest control operations. See Tennessee Code 62-21-102
- Commercial pest control operator: means a person or business entity who engages in the custom application of pesticides or inspection of real property for the purpose of issuing a wood destroying insect infestation inspection report and who has demonstrated to the satisfaction of the commissioner the person's qualifications to design and direct pest control and inspection operations. See Tennessee Code 62-21-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
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.