If the company neglects or refuses to pay any final judgment or decree rendered against it upon the recognizance, stipulation, bond or undertaking made or guaranteed by it under this chapter, from which no appeal, writ of error or supersedeas has been taken for thirty (30) days after the rendition of the judgment or decree, it shall forfeit all right to do business in this state.
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