Any company that executes or guarantees any recognizance, stipulation, bond or undertaking under this chapter shall be estopped, in any proceeding to enforce the liability that it has assumed to incur, to deny its corporate power to execute or guarantee the instrument or assume the liability.
Structure 2021 Tennessee Code
Chapter 15 - Fidelity and Bonding Companies
§ 56-15-101. General Powers — Right to Become Sureties — Banking Business Prohibited
§ 56-15-102. Guaranty Corporation May Become Sole Surety on Bonds
§ 56-15-103. Condition of Doing Business — Attorney Upon Whom May Be Served Process Against Company
§ 56-15-106. Commissioner Is Custodian of Securities Deposited by Bonding Companies
§ 56-15-109. Signing Policy in Blank Unlawful
§ 56-15-110. Power of Commissioner as to Violations
§ 56-15-111. Revocation of License for Violation
§ 56-15-112. Action Against Company — Jurisdiction — Venue
§ 56-15-113. Action Against Company — Estopped to Deny Liability
§ 56-15-114. Forfeiture of License for Nonpayment of Judgment