20 chapters · 458 sections in this title.
AS 39.15.010 Form, amount, and conditions.
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The official bond of an officer or employee of the state required by statute or regulation under authority of law shall be in a form joint and several, and made payable to the state in the penal sum and with the conditions required by law.
AS 39.15.020 Obligation and effect.
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Bonds of state officers and employees are in force and obligatory upon the principal and sureties for breach of the condition of the bond committed during the time the officer or employee discharges the duties of or holds the office or appointment. Each bond is considered in forc…
AS 39.15.030 Action on bond.
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An official bond executed by a state officer or employee is in force and obligatory upon the principal and sureties to and for the state, and for the use and benefit of all persons injured or aggrieved by the wrongful act or default of the officer or employee in the official capa…
AS 39.15.040 Recovery on defective bond.
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If a bond does not contain the matter or condition required by law, or there is a defect in the approval or filing of the bond, the bond is not void and the obligor and the obligor's sureties are bound to the state or party interested, and the state or party may, by action instit…
AS 39.15.050 Procedure when bond becomes insufficient.
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(a) If a surety on the bond dies, removes from the state, becomes insolvent or insufficient, or the penalty of the bond becomes insufficient, the Department of Administration shall, on its own motion or on the showing of a person supported by an affidavit, summon the officer or e…
AS 39.15.060 Number of sureties.
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Unless expressly provided otherwise, each official bond shall have at least two individual sureties or one corporate surety.
AS 39.15.070 Justification of sureties.
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The officer charged with the duty of approving official bonds of officers and employees may not approve a bond unless the surety on the bond is a surety company qualified to do business in the state, or unless each individual surety justifies before an officer authorized to admin…
AS 39.15.080 Release of sureties.
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A surety on an official bond may be released from liability accruing after proceedings are taken under AS 39.15.090.
AS 39.15.090 Proceedings for release of sureties.
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A surety desiring to be released from liability on a bond shall file with the Department of Administration a statement in writing, signed by the surety or someone on the surety's behalf, setting out the name of the principal and the office, position, or appointment of the princip…
AS 39.15.100 Failure to file new bond.
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(a) If a state officer or employee fails to file a new bond within 15 days from the date of personal service or within 30 days from the date of the first insertion of a publication, the office becomes vacant and the officer or employee forfeits the office. (b) The office shall be…