58-21-2. Certificate of authority as evidence of qualifications.
75 words·~1 min read·
/sd/title-58/chapter-58-21/58-21-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A valid subsisting certificate of authority or duly certified copy thereof issued by the director to a surety insurer shall be accepted as evidence of qualification to become sole surety on all bonds, undertakings, recognizances, and obligations required or permitted by law, or in the charter, ordinances, rules, or regulations of any municipality, board, organization, court, judge, or public officer, without further proof or qualification regarding solvency, credit, or financial sufficiency to act as surety.