A company executing such bond, obligation or undertaking, may be released from its liability or security on the same terms as are or may be by law prescribed for the release of individuals upon any such bonds, obligations or undertakings.
N.C. Gen. Stat. § 58-73-15
Release of company from liability
1899, c. 54, s. 48; Rev., s. 274; C.S., s. 341.
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.