Every commissioner who approves an official bond, which he knows to be, or which by reasonable diligence he could have discovered to have been, insufficient in the penal sum, or in the security thereof, shall be liable as if he were a surety thereto, and may be sued accordingly by any person having a cause of action on said bond.
N.C. Gen. Stat. § 58-72-60
When commissioner liable as surety
Applied in 1 court decision — leading case 953 F. Supp. 685 - Harter v. Vernon (1996)
Most recently applied in 953 F. Supp. 685 - Harter v. Vernon (March 1996)
1869-70, c. 169, s. 6; Code, s. 1879; Rev., s. 313; C.S., s. 335.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.