North Dakota Code 22-03-03 – Limitations on liability of surety
Current as of: 2023 | Check for updates
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A surety cannot be held beyond the express terms of the surety’s contract and if such contract prescribes a penalty for its breach, the surety cannot be liable in any case for more than the penalty.
Terms Used In North Dakota Code 22-03-03
- Contract: A legal written agreement that becomes binding when signed.