No such corporation or insurer shall, however, be accepted as sole surety on the bond of the State Treasurer but may become and be accepted as a cosurety with other persons or with other authorized surety insurers upon such bond, and in such event, its property or credit shall not be estimated to exceed $100,000.00.
Ala. Code § 27-24-4
Sole Surety - Cosureties on Bond of State Treasurer.
(Code 1940, T. 41, §102; Acts 1971, No. 407, p. 707, §489.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.