Rhode Island Statutes
§ 4-8-7 — § 4-8-7. Liability of sureties.
§ 4-8-7. Liability of sureties.
Every surety given in accordance with the provisions of this chapter shall be liable, in the first instance, for the payment of all claims arising during the license period for which the surety continues, and filed either during that period or within ninety
(90)days after the expiration. If all claims shall be paid, the balance of the liability
of each surety shall be devoted to the extinguishment ratably of claims arising during
that license period, but for which statement shall not have been filed until ninety
(90)days after the expiration of that period.
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Rhode Island § 4-8-7 (§ 4-8-7. Liability of sureties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 1918, ch. 1656, § 6; G.L. 1923, ch. 204, § 6; G.L. 1938, ch. 218, § 6; G.L. 1956, § 4-8-7.