The combined net worth of the sureties, exclusive of any other bonds on which they may be principal, or surety and property exempt from execution, shall be at least equal to the amount specified in the undertaking.
Fla. Stat. § 903.08
Sufficiency of sureties
Applied in 1 court decision — leading case Pugh v. Rainwater (1977)
Most recently applied in Pugh v. Rainwater (August 1977)
History.--s. 51, ch. 19554, 1939; CGL 1940 Supp. 8663(51); s. 22, ch. 70-339.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.