2-9-504. Conditions, form, and signatures. (1) The condition of an official bond must be that the principal shall well, truly, and faithfully perform all official duties required of the principal by law and also any additional duties that may be imposed on the principal by any law of the state subsequently enacted and that the principal will account for, pay over, and deliver to the person or officer entitled to receive all money or other property that the principal receives as an officer.
(2) The principal and sureties upon an official bond are liable for the neglect, default, or misconduct in office of any deputy, clerk, or employee appointed or employed by the principal.
(3) Official bonds must be signed and executed by the principal and two or more sureties or by the principal and one or more surety companies organized under the laws of this state or licensed to do business in this state.
(4) Official bonds must be joint and several and made payable to the state of Montana in the amount and with the conditions required by this part or the law creating or regulating the duties of the office.
History: (1) thru (3)En. Sec. 1057, Pol. C. 1895; amd. Sec. 2, p. 79, L. 1899; re-en. Sec. 384, Rev. C. 1907; re-en. Sec. 475, R.C.M. 1921; Cal. Pol. C. Sec. 954; re-en. Sec. 475, R.C.M. 1935; Sec. 6-306, R.C.M. 1947; (4)En. Sec. 1061, Pol. C. 1895; re-en. Sec. 388, Rev. C. 1907; re-en. Sec. 479, R.C.M. 1921; Cal. Pol. C. Sec. 958; re-en. Sec. 479, R.C.M. 1935; Sec. 6-310, R.C.M. 1947; R.C.M. 1947, 6-306, 6-310; amd. Sec. 59, Ch. 61, L. 2007.
Structure Montana Code Annotated
Title 2. Government Structure and Administration
Chapter 9. Liability Exposure and Insurance Coverage
Part 5. General Provisions Related to Official Bonds
2-9-501. Application -- bonds excepted
2-9-504. Conditions, form, and signatures
2-9-505. Bonds of receivers, assignees -- payable to state
2-9-506. Approval, filing, record, and custody
2-9-507. Sureties' qualifications
2-9-508. through 2-9-510 reserved
2-9-511. Extent of sureties' liability -- when less than full
2-9-512. Defects not to affect liability
2-9-513. Insufficiency of sureties -- action to vacate office
2-9-515. Additional security -- liability of officers and sureties
2-9-517. Contribution between sureties
2-9-518. through 2-9-520 reserved
2-9-521. Discharge of sureties
2-9-523. Proceedings to obtain release
2-9-524. Amount of new bond -- failure to file
2-9-525. Liability of sureties when new bond is given
2-9-526. Effect of discharge of sureties
2-9-528. Lien on real estate of surety -- action to compel specific performance