38-267 - Arizona Statutes

38-267. Discharge of sureties A. When any sureties on the official bond of an officer wish to be discharged from their liability, they and such officer may procure such discharge if the officer will execute a new bond to be approved and filed as the original bond. Upon the filing and approval of the new bond, the first sureties are exonerated from all further liability, but their bond remains in full force as to all liabilities incurred previous to the approval of the new bond. B. The liability of the sureties in each new bond is in all respects the same and may be enforced in like manner as the liability of the sureties in the original bond.