§ 20.01.270. Demand on bond after claims ascertained -- Power of director to settle, compromise
Upon ascertaining all claims and statements in the manner herein set forth, the director may then make demand upon the bond on behalf of those claimants whose statements have been filed, and shall have the power to settle or compromise said claims with the surety company on the bond, and is empowered in such cases to execute and deliver a release and discharge of the bond involved.
[1959 c 139 § 27.]
Sections: Previous 20.01.212 20.01.214 20.01.220 20.01.230 20.01.240 20.01.250 20.01.260 20.01.270 20.01.280 20.01.300 20.01.310 20.01.320 20.01.330 20.01.340 20.01.350 NextLast modified: April 7, 2009