Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 17. STATE DEBT, INVESTMENT, AND DEPOSITORIES · Article 3. STATE DEPOSITORIES

50-17-61. Procedure for relief of bond sureties.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Any surety desiring to be relieved from the bond of a state depository may give notice in writing to the Governor of such desire with the reasons therefor; and the Governor shall have authority, in his discretion, to relieve the surety. The consent of the cosureties first must be obtained in writing; and the principal must furnish a new surety to take the place of the surety relieved, which new surety will assume all the liabilities for past and future transactions.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Ga. L. 1882-83, p. 138, § 3; Civil Code 1895, § 988; Civil Code 1910, § 1255; Code 1933, § 100-107.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t50-ch13-40-(v38a)-2021-pdf.pdf, Volume V38A, 2021 edition, page 283; merge action: carried; file SHA-256 1cacff3315fb.