Arizona § 7-103 Corporate surety; power of attorney; fee

Arizona Statutes

§ 7-103 — Corporate surety; power of attorney; fee

Arizona § 7-103

Title 7Arizona Revised Statutes

Ch. 1SURETY BONDS

Art. 1General Provisions

This text of Arizona § 7-103 (Corporate surety; power of attorney; fee) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 7-103 (2026).

Text

A.When a bond or undertaking conditioned upon the faithful performance of a duty, or upon doing or refraining from doing anything in the bond or undertaking specified, is by the laws of this state required or permitted to be given with surety, the execution or the guaranteeing of the performance of the condition shall be sufficient when executed or guaranteed solely by a corporation incorporated under the laws of the United States, or of any state, authorized to execute the bond or undertaking within this state, if the bond or undertaking is approved by the court, body or person required to approve or accept it. An officer or person having the power of approval of a bond shall not exact that it be furnished by a surety company or by a particular surety company.

B.The corporate surety sh

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A. When a bond or undertaking conditioned upon the faithful performance of a duty, or upon doing or refraining from doing anything in the bond or undertaking specified, is by the laws of this state required or permitted to be given with surety, the execution or the guaranteeing of the performance of the condition shall be sufficient when executed or guaranteed solely by a corporation incorporated under the laws of the United States, or of any state, authorized to execute the bond or undertaking within this state, if the bond or undertaking is approved by the court, body or person required to approve or accept it. An officer or person having the power of approval of a bond shall not exact that it be furnished by a surety company or by a particular surety company.

B. The corporate surety shall file with the clerk of the superior court a power of attorney for each agent of such surety appointed to execute a bond in its behalf. A fee established pursuant to section 12-284 for each such filing shall be paid to the clerk of the superior court.