Tennessee Code 8-19-502 – Demands on bonding companies – Prior approval of comptroller required
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Terms Used In Tennessee Code 8-19-502
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: means the state of Tennessee. See Tennessee Code 8-34-101
No agency of the state nor any officer or employee of the state shall make demand on any bonding company guaranteeing the faithful performance of duty of any individual, or guaranteeing the safeguarding of state moneys or property, without the prior approval of the comptroller of the treasury.