§ 10-4-302 — Release of surety - other security

Any surety upon the bond of
any state, county, municipal, judicial district, irrigation district, or court officer shall
be released from further liability as such surety for such officer by filing, with the
person having authority to approve said bond or with whom said bond is directed to
be filed, a notice that said surety is unwilling to continue to be surety for such
officer. When any such notice is filed, written notice thereof shall immediately be
given to such officer, who shall thereupon file other security to be approved as
provided by law. If such officer, within ten days after the service of such notice
upon him, does not file such bond to be approved, the office shall become vacant,
and the vacancy shall be filled in the manner provided by law. If a new bond is given
by any officer, as provided, the former surety shall be entirely released and
discharged from all liability incurred by such officer from and after the time of
giving of such notice, and the sureties to the new bond shall be liable therefor as
provided in such bond.

Legislative History

Source: L. 79: Entire part R&RE, p. 361, � 7, effective July 1.