Georgia § 34-8-172 Surety bond required of employee leasing company

Georgia Statutes

§ 34-8-172 — Surety bond required of employee leasing company

Georgia § 34-8-172

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This text of Georgia § 34-8-172 (Surety bond required of employee leasing company) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 34-8-172 (2026).

Text

The Commissioner shall require any employee leasing company, as defined in Code Section 34-8-32 , to post a surety bond or such equivalent financial securities as approved by the Commissioner in such an amount as needed to cover the total of any potential tax liability which may reasonably be expected to be incurred by such employer. In the event an employee leasing company is unable to procure such bond or security, the employee leasing company may report such employees as being in the employment of its client employers, notwithstanding any provision of Code Section 34-8-32 to the contrary.

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The Commissioner shall require any employee leasing company, as defined in Code Section 34-8-32 , to post a surety bond or such equivalent financial securities as approved by the Commissioner in such an amount as needed to cover the total of any potential tax liability which may reasonably be expected to be incurred by such employer. In the event an employee leasing company is unable to procure such bond or security, the employee leasing company may report such employees as being in the employment of its client employers, notwithstanding any provision of Code Section 34-8-32 to the contrary.