Section 13-831 - Release of surety. - Maryland Statutes

§ 13-831. Release of surety.
 

(a)  In general.- Except for a liability that has accrued or will accrue before the date of release or discharge, a surety is released and discharged from liability on a bond to the State 60 days after the surety submits to the tax collector a written request for release or discharge. 

(b)  Notice to person who posted bond.- On receipt of a written request from a surety for release and discharge, the tax collector promptly shall give the person who posted the bond notice that: 

(1) the surety has asked to be released and discharged from liability on the bond; and 

(2) a substitute security must be filed before the date on which the surety is released and discharged under subsection (a) of this section. 
 

[An. Code 1957, art. 81, § 481; 1988, ch. 2, § 1.]