22-03-03. Limitations on liability of surety.
36 words·~1 min read·
/nd/title-22/chapter-22-03-suretyship/22-03-03·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A surety cannot be held beyond the express terms of the surety's contract and if such contract prescribes a penalty for its breach, the surety cannot be liable in any case for more than the penalty.