The officer charged with the duty of approving official bonds of officers and employees may not approve a bond unless the surety on the bond is a surety company qualified to do business in the state, or unless each individual surety justifies before an officer authorized to administer oaths that the surety is
(1) a resident and freeholder within the state; and
(2) worth double the amount for which the surety becomes surety over and above all debts and liabilities in property located in the state that is not exempt from seizure and sale under execution.
Section: Previous 39.15.010 39.15.020 39.15.030 39.15.040 39.15.050 39.15.060 39.15.070 39.15.080 39.15.090 39.15.100 NextLast modified: November 15, 2016