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93 chapters · 1,453 sections in this title.
Ala. Code § 27-24-1 Applicability of Chapter
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This chapter shall not apply to any bond or undertaking which is not by law required to be approved by any state, county, municipal, precinct, township, district, or other like office, officers, commissions, boards, and similar governing bodies, or by any judge, clerk, or registe…
Ala. Code § 27-24-2 Sole Surety - Corporations
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Except as provided in Section 27-24-4, whenever any person or corporation is, or may be, required or permitted to execute bond or other undertaking, of whatsoever nature, with surety, or sureties, for the faithful discharge or performance of the duties of any state, county, munic…
Ala. Code § 27-24-3 Sole Surety - Mutual or Reciprocal Surety Insurers
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An authorized mutual or reciprocal surety insurer which has and maintains a surplus over and above all of its liabilities of $500,000.00, upon meeting all of the requirements of this title, except as to capital stock, may become and be accepted as sole surety on bonds or undertak…
Ala. Code § 27-24-4 Sole Surety - Cosureties on Bond of State Treasurer
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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 no…