Execution of bonds by distributor; surety.

Each bond required to be filed pursuant to this chapter shall be executed by the distributor as principal and, as surety, by a corporation authorized to engage in business as a surety company in this state. History. Ga. L. 1955, p. 268, § 8; Code 1933, § 91A-5507, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 2020, p. 257, § 2/SB 375. Editor’s notes. Ga. L. 2020, p. 257, § 2/SB 375, reenacted this Code section without change. RESEARCH REFERENCES C.J.S. 53 C.J.S., Licenses, § 67 et seq.

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Execution of bonds by distributor; surety.

Each bond required to be filed pursuant to this chapter shall be executed by the distributor as principal and, as surety, by a corporation authorized to engage in business as a surety company in this state. History. Ga. L. 1955, p. 268, § 8; Code 1933, § 91A-5507, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 2020, p. 257, § 2/SB 375. Editor’s notes. Ga. L. 2020, p. 257, § 2/SB 375, reenacted this Code section without change. RESEARCH REFERENCES C.J.S. 53 C.J.S., Licenses, § 67 et seq.