Section 27-24-4 Sole surety - Cosureties on bond of State Treasurer. - Alabama Statutes

Section 27-24-4

Sole surety - Cosureties on bond of State Treasurer.

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.

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