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MN HF1118
Bill
Status
Passed
5/24/2013
Primary Sponsor
Mike Freiberg
Click for details
AI Summary
- Modifies Minnesota Statutes 2012, section 574.01 regarding bond security requirements
- Reduces the minimum number of sureties required for bonds from two to one or more
- Removes the requirement that sureties be residents and freeholders of the state
- Maintains existing justification requirements for sureties as provided in section 574.12
- Applies to all bonds, recognizances, and undertakings for security of the state, persons, corporations, municipalities, and other organizations
Legislative Description
Bond security requirements modified.
Last Action
Secretary of State Chapter 119
5/24/2013
Committee Referrals
Rules and Administration4/26/2013
Government Operations3/4/2013
Full Bill Text
No bill text available