§ 4145.
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/vt/title-8/chapter-111/4145A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4145. Fidelity companies may act as sole surety
Where by law two or more sureties are required upon an obligation that a fidelity insurance company is authorized to insure, the fidelity insurance company may act as sole surety upon the obligation and may be accepted as such by the court or other person authorized to approve the sufficiency of the bond or undertaking. Any State law requiring sureties on bonds to be residents of this State shall not be construed to forbid the acceptance of a qualified foreign company as joint and sole surety upon any such bond. (Amended 2021, No. 105 (Adj. Sess.), § 158, eff. July 1, 2022.)