58-73-15. Release of company from liability.
A company executing such bond, obligation or undertaking, may be released from its liability or security on the same terms as are or may be by law prescribed for the release of individuals upon any such bonds, obligations or undertakings. (1899, c. 54, s. 48; Rev., s. 274; C.S., s. 341.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 73 - Bonds in Surety Company.
§ 58-73-1 - State officers may be bonded in surety company.
§ 58-73-5 - When surety company sufficient surety on bonds and undertakings.
§ 58-73-10 - Clerk to notify county commissioners of condition of company.
§ 58-73-15 - Release of company from liability.
§ 58-73-20 - Company not to plead ultra vires.
§ 58-73-25 - Failure to pay judgment is forfeiture.
§ 58-73-30 - On presentation of proper bond officer to be inducted.