South Carolina Statutes
§ 8-3-110 — Distribution of liability among sureties.
Each surety on a personal official bond may state in writing the amount of the liability assumed by him, beyond which amount he shall not be held. The aggregate of the amounts assumed by all the sureties shall not be less than the penalty of the bond. In case of loss or default, the sureties will be entitled, as between each other, to contribution in the proportion of their liability.
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South Carolina § 8-3-110 (Distribution of liability among sureties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 50-65; 1952 Code SECTION 50-65; 1942 Code SECTION 3048; 1932 Code SECTION 3048; Civ. C. '22 SECTION 739; Civ. C. '12 SECTION 657; Civ. C. '02 SECTION 589; G. S. 452; R. S. 507; 1866 (13) 469; 1868 (14) 19.
Nearby Sections
15
§ 8-3-100
Cost of bonds from corporate surety.§ 8-3-130
Examination and approval of bonds.§ 8-3-140
Approval by Attorney General of form and execution of bonds of officers of State; recordation.§ 8-3-160
Governing body of county to examine sufficiency of county officers' bonds and correct deficiencies.