language to be deleted (2) new language
relating to bonds; modifying requirements for bond security;
amending Minnesota Statutes 2012, section 574.01.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Save when otherwise specially provided by statute, every bond, recognizance, or undertaking required or permitted to be made, given, tendered, or filed for the security or protection of the state, or of any person, corporation, municipality, or department thereof, or any other organization whatever and conditioned for the doing or not doing of anything in such instrument of security specified, shall be signed by two or more sureties, who shall be residents and freeholders of the state, and justify as provided in section 574.12. Every bond or recognizance shall also be signed by the principal, and every bond shall be acknowledged by the principal and sureties.
Presented to the governor May 22, 2013
Signed by the governor May 24, 2013, 2:23 p.m.
Copyright © 2013 by the Revisor of Statutes, State of Minnesota. All rights reserved.