Sec. 3. Any person or persons receiving and accepting or approving any such bond without such justification shall be guilty of a misdemeanor, and shall further be liable for all damages that may be sustained or incurred by any person by reason of such defective bond being accepted or approved.
Official bonds; acceptance without justification; penalty; liability.
Mich. Comp. Laws § 15.103, under JUSTIFICATION OF SURETIES.
Mich. Comp. Laws § 15.103