§ 37-12-9. Payment into court by surety — Discharge.
The surety on the bond may pay into the registry of the court, for distribution among those who may be or become entitled thereto under the decree of the court, the penal sum named in the bond less any amount which the surety may have paid to the state in satisfaction of the liability of the surety to the state under the bond, and then shall be entitled to be discharged from all further liability under the bond.
History of Section.P.L. 1934, ch. 2105, § 8; G.L. 1938, ch. 79, § 8; G.L. 1956, § 37-12-9.
Structure Rhode Island General Laws
Title 37 - Public Property and Works
Chapter 37-12 - Contractors’ Bonds
Section 37-12-1. - Contractors required to give bond — Terms and conditions.
Section 37-12-2. - Rights of persons furnishing labor and materials.
Section 37-12-3. - Remedies of creditors and state — Priority of claims.
Section 37-12-4. - Intervention by creditor in suit brought by state.
Section 37-12-5. - Time limitation on creditors’ actions.
Section 37-12-6. - Intervention in suit brought by creditor — Consolidation of suits.
Section 37-12-7. - Notice of pendency of suit.
Section 37-12-8. - Certified copies of documents.
Section 37-12-9. - Payment into court by surety — Discharge.
Section 37-12-10.1. - Contractor/subcontractor retainage.
Section 37-12-11. - Substitution of securities for retained earnings.