1:1-2.2 - Surety; sureties - New Jersey Statutes

1:1-2.2.  Surety;  sureties
    When a bond, recognizance, guarantee or obligation is required or permitted  to be given by any law, or by any charter, ordinance, rule or regulation of any  county, municipality, school district, board, body, organization, court or  public officer, with surety or sureties or security, including freehold  security, for the performance of any act, duty or obligation or the refraining  from the doing of any act, the same may be executed as surety or sureties by  any company or corporation authorized to carry on the business specified in  paragraph  "g"  of section 17:17-1 or authorized to transact such business in  this state by section 17:32-1 of the title Corporations and Institutions for  Finance and Insurance, with the operation and effect provided and prescribed by chapter 31 of said title (s. 17:31-1 et seq.).