41-2608. DEPOSIT FOR PROTECTION OF SURETY. It shall be lawful for any party of whom a bond, undertaking or other obligation is required to agree with his surety or sureties for the deposit of any or all moneys and assets for which such surety or sureties are or may be held responsible with a bank, savings bank, safe deposit or trust company authorized by law to do business as such, or other depository approved by the court or a judge thereof, if such deposit is otherwise proper, for the safe keeping thereof and in such manner as to prevent the withdrawal of such moneys and assets or any part thereof without the written consent of such surety or sureties or an order of the court or a judge thereof, made on such notice to such surety or sureties as such court or judge may direct.
History:
[41-2608, added 1961, ch. 330, sec. 561, p. 645.]
Structure Idaho Code
Chapter 26 - SURETY INSURANCE CONTRACTS
Section 41-2603 - JUSTIFICATION OF SURETY — DIRECTOR’S CERTIFICATE AS EVIDENCE.
Section 41-2604 - MAY BE SOLE SURETY ON BONDS.
Section 41-2605 - CERTIFICATE AS EVIDENCE OF AUTHORITY TO BE SOLE SURETY.
Section 41-2606 - PREMIUMS ON BONDS — ALLOWANCE AS EXPENSE COSTS — LIMIT AS TO AMOUNT.
Section 41-2607 - BOND PREMIUMS AS PART OF COSTS IN ACTIONS AND PROCEEDINGS.
Section 41-2608 - DEPOSIT FOR PROTECTION OF SURETY.
Section 41-2609 - RELEASE OF SURETY ON CERTAIN OFFICIAL BONDS.
Section 41-2610 - ESTOPPEL TO DENY CORPORATE POWER.
Section 41-2611 - DEDUCTION OF BOND PREMIUM FROM WAGES OF EMPLOYEES.
Section 41-2612 - RELEASE OF SURETY ON BOND OF LICENSEE OR PERMITTEE.