Guaranty or surety companies incorporated under the laws of this state or which have complied with all requirements to transact business in this state may become sureties upon the bonds of all state or county officers; and the various officers of this state whose duty it is to approve the sureties upon such bonds are authorized to accept such company or companies as one of the sureties or the only surety upon such bond, as the solvency of such company may warrant.
(Ga. L. 1889, p. 178, § 1; Civil Code 1895, § 247; Civil Code 1910, § 282; Code 1933, § 89-415.)
Cross references.- Authorizing corporate surety in lieu of personal surety, § 33-24-48.
OPINIONS OF THE ATTORNEY GENERAL
Corporate surety liable for full amount of sheriff's bond.
- Sheriffs must be bonded by at least one corporate surety liable for full amount of the statutory bond penalty; it is not permissible for sheriffs to file separate corporate surety bonds, each for less than the surety penalty even when the assumed but fictitious total of the penalties under each bond equals the statutory penalty. 1976 Op. Att'y Gen. No. 76-31.
RESEARCH REFERENCES
ALR.
- Construction and applicability of provision of public officer's bond exempting sureties from liability for loss due to failure of bank or other depository, 98 A.L.R. 719.