§ 58-73-1. State officers may be bonded in surety company. - North Carolina Statutes

Article73.

Bonds in Surety Company.

§ 58‑73‑1.  Stateofficers may be bonded in surety company.

All persons who are requiredto give bond to the State of North Carolina to be received by the Governor orby any department of the State government, in lieu of personal security, maygive as security for said bond and for the performance of the duties named inthe said bond any indemnity or guaranty company authorized to do business inthe State of North Carolina, subject to such regulations as the Governor or departmentmay prescribe, and with power in them to demand additional security at anytime.  Any person presenting any indemnity or guaranty company as surety shallaccompany his bond with a statement of the Insurance Commissioner as to thecondition of such company as required by law. (1901, c. 754; Rev., s. 272;C.S., s. 338.)