Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Any party of whom a bond, undertaking, or other obligation is required, may agree with his surety for the deposit and safekeeping of any assets for which he and his surety are or may be held responsible. If such deposit is otherwise proper, it shall be made with or in the vaults of a bank, savings bank, safe deposit or trust company, authorized by law to do business as such, or with a depository approved by the court or a judge thereof, in such manner as to prevent the withdrawal of such assets or any part thereof, without the written consent of such surety, or an order of court, or a judge thereof, made on such notice to such surety as such court or judge directs. Such agreement shall not in any manner release or change the liability of the principal or sureties as established by the terms of said bond, undertaking, or other obligation as prescribed by law.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Section 1341.01 | Qualifications of Sureties.
Section 1341.02 | Sureties May Be Required to Testify Concerning Their Sufficiency.
Section 1341.03 | Certain Sureties Cannot Waive Their Rights.
Section 1341.04 | Sureties May Require Creditors to Sue.
Section 1341.05 | Representatives of Sureties.
Section 1341.06 | Limitations.
Section 1341.07 | Surety on Judgment May Revive.
Section 1341.08 | Sureties of County Officers May Apply to Be Discharged.
Section 1341.09 | Duty of Board of County Commissioners With Reference to Release of Sureties.
Section 1341.10 | Sureties for County Officers Not Released Until New Bond Filed.
Section 1341.11 | Sureties of Constable or Marshal May Apply to Be Discharged.
Section 1341.12 | Proceedings by Legislative Authority or Trustees.
Section 1341.13 | Sureties of Treasurer of School Fund May Apply to Be Discharged.
Section 1341.14 | Proceedings by Board of Education.
Section 1341.15 | Sureties for Treasurer of School Fund Not Released Until Bond Filed.
Section 1341.16 | Sureties of Township Officers May Apply to Be Discharged.
Section 1341.17 | Proceedings by Board of Township Trustees.
Section 1341.18 | Sureties for Township Officers Not Released Until Bond Filed.
Section 1341.19 | Sureties May Compel Principal to Pay Debt.
Section 1341.20 | Surety May Have Action for Indemnity Before Debt Due.