North Dakota Code 44-01-14 – Public officials prohibited from becoming sureties for other officers and employees
Current as of: 2023 | Check for updates
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No officer or employee of the state who is bonded in the state bonding fund may become a surety upon any bond or undertaking while that person‘s coverage in such fund is effective. No officer or employee of any municipality, political subdivision, or public corporation may become a surety upon any bond or undertaking of any other officer or employee thereof, nor on any bond or undertaking of a depository of the funds thereof. As used in this section, “officer” includes deputy officers and officers appointed by the courts, and “employee” includes all persons other than officers so defined who may perform or contract to perform services for a consideration, and includes subcontractors on public works.
Terms Used In North Dakota Code 44-01-14
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- 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