Alabama Statutes

§ 27-24-4 — Sole Surety - Cosureties on Bond of State Treasurer

Alabama § 27-24-4
JurisdictionAlabama
Title 27Insurance
Ch. 24Surety Insurance Contracts

This text of Alabama § 27-24-4 (Sole Surety - Cosureties on Bond of State Treasurer) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 27-24-4 (2026).

Text

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.

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Alabama § 27-24-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-24-4.