Liability on Forfeited Delivery Bond

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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.

Code 1858, § 3045 (deriv. Acts 1831, ch. 25, § 1); Shan., § 4773; Code 1932, § 8903; modified; T.C.A. (orig. ed.), § 26-410.

Textbooks. Tennessee Jurisprudence, 22 Tenn. Juris., Replevy and Forthcoming Bonds, §§ 5, 11, 20.


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