§ 33-31-101 — Operation authorized; filing and execution of bond; action upon bond; additional bond

Wyoming § 33-31-101

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 31: WAREHOUSEMEN, BONDED

Text

Any warehouseman as provided by W.S. 34-17-101 through 34-17-106
may operate his business under said chapter as a bonded
warehouseman upon filing a bond as herein provided in the office
of the county clerk in the county wherein may be situated his
principal warehouse, tanks, or other place of storage. Such bond
shall run to the state of Wyoming and be in a principal sum of
not less than two thousand dollars ($2,000.00), and conditioned
that said warehouseman shall conduct his business in compliance
with the provisions of W.S. 34-17-101 through 34-17-106, and
shall be good for a stated term of not less than one (1) year
from the date thereof. Said bond shall be executed by such
warehouseman as principal and by a corporate surety company
authorized to transact business under the laws of the state of
Wyoming as surety, or by two (2) sureties, residents of this
state, who shall be severally and jointly liable on said bond
and who shall each justify before said county clerk as provided
in W.S. 1-1-105. Anyone injured by reason of a violation of the
conditions of said bond may bring suit thereon and recover the
amount of damages sustained not in excess of the principal sum
of said bond; and if said bond shall become impaired by reason
of recovery of damages or for other reason during its term such
warehouseman shall file an additional bond sufficient to make
good such impairments.