§ 8114. Corporate officers’ bonds.
122 words·~1 min read·
/de/title-10/chapter-81-personal-actions/8114A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No action shall be brought upon any bond given to the president, directors and company of any bank, or to any corporation, by any officer of such bank or corporation, with condition for the officer’s good behavior, or for the faithful discharge of the duties of the officer’s station, or touching the execution of the officer’s office, against either the principal or sureties, after the expiration of 2 years from the accruing of the cause of such action. No action shall be brought, and no proceedings shall be had upon any such bond, or upon any judgment thereon, against either the principal or sureties, for any cause of action accruing after the expiration of 6 years from the date of such bond.