Liability of sureties when penal sum exceeds $2,000: Several liability for portions not less than $500.

  1. Law
  2. Nevada Revised Statutes
  3. Official Bonds and Oaths
  4. Liability of sureties when penal sum exceeds $2,000: Several liability for portions not less than $500.

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When the penal sum of any bond amounts to more than $2,000, the sureties may become severally liable for portions not less than $500 of such penal sum, making in the aggregate at least two sureties for the whole penal sum.

[12:135:1865; B § 2928; BH § 1749; C § 1903; RL § 2879; NCL § 4901]


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