Alabama Code 36-5-64. When new bond of officer or employee becomes effective; effect of new bond
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Terms Used In Alabama Code 36-5-64
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Every such additional bond approved and filed as provided in this division is binding on the obligors from the time of its approval and subjects them to the same liabilities, proceedings and remedies as are provided in relation to the first official bond of such officer or employee.