Sole Surety - Cosureties on Bond of State Treasurer

Ala. Code § 27-24-4 — under Title 27.

Ala. Code § 27-24-4

No such corporation or insurer shall, however, be accepted as sole surety on the bond of the State Treasurer but may become and be accepted as a cosurety with other persons or with other authorized surety insurers upon such bond, and in such event, its property or credit shall not be estimated to exceed $100,000.00.

History: (Code 1940, T. 41, §102; Acts 1971, No. 407, p. 707, §489.)