North Dakota Code 1-01-45 – Corporate surety – Definition
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A corporate surety is a corporation or limited liability company duly authorized under the laws of this state to transact a surety business therein.
Terms Used In North Dakota Code 1-01-45
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49