ARTICLE10F

SURETYINSURANCE

 

Cross References

 

  Bail agents; sureties, see article 9N.

 

§431:10F-101  Requirements deemed met bysurety insurer.  Whenever by law or by rule of any court, public official,or public body, a surety bond is required or is permitted to be given, providedthe bond is otherwise proper and its conditions are guaranteed by an authorizedsurety insurer or by an unauthorized surety insurer pursuant to article 8, partII, the bond shall be approved and accepted and shall be deemed to fulfill allrequirements as to number of sureties, residence or status of sureties, andother similar requirements, and no justification by the surety shall benecessary.  For the purpose of this section, surety bond shall also include arecognizance, obligation, stipulation or undertaking. [L 1987, c 347, pt of §2]