The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1895-01-03
IAN ACT ALLOWING FIDELITY INSURANCE
d CORPORATE SURETY, AND RELATING THERE

- VAN ACI ALlUNlNH FIDELITY INSURANCE
CORPORATE SURETY, AND RELATING THERE
hereby enacted By the General assembly of the State Of
mont:
sEor1oN1 Any company organized under the laws Of this State
chartered by any other State Government fidelity
Vs oC may make contracts OF insurance to guarantee the fidelity
persons holding positions of trust in private public employ
mesCIate oogee or person competent to approve such
bond act as surety upon the official bond undertaking in civil
procedure corporation the United States the
VI VI 70 any county, Guy town. pubic olcer or TO
any corporation or association public private and also may
as surety upon bond undertaking any person corpora
ton conditioned the performance
the doing not doing anything said bond specified upon
sponsbe surety suree upon written instrument other
wise for the performance by others any Office employment
tract or trust Where by law two surees required
upon any obligation such company authorized insure may
act sole surety thereon and be accepted the court
magistrate or other officer authorized approve the su
cheney Of such bond undertakings any provision the
OF this State requiring suetes bonds to be residents Of this State
shall not be construed to forbid the qualified foreign
shall incur in behalf or on account Of any
partnership association corporation liability for amount
Larger than OF its paid up capital unless shall be ecur
collateral agreements Of indemnity by deposit pledge
conveyance to it trust for its protection Of property equal in
liability is incurred in behalf of uciary holding
property In trust capacity by such deposit other disposition of
suitable and sufficient portion of the held that
Their SALE mortgage pledge other disposition be made thereof
without such compan approval except by the decree of court
having proper jurisdiction.
SEQ Any person. partnership association corporation
holding property for the benefit of another except when acting
under wills allowed trusts created before the passage of this
may make such with the surety suretes upon
official bond shall enable such fducy said surety o
surees from loss in provided by section of this act
provided however, that such fducay appointed by the de-
court within this State the approval of such shall
first be obtained to such covenant
SEQ copy of such covenant duly acknowledged in the
required for the acknowledgment of deeds of real estate
be filed and recorded follows In the Office of the clerk or
register of the court which such fducy obtained his appoint
ment not appointed by the decree of court in the pro-
vded by law for the record Of deeds of real estate said
nant real estate mortgages of personal property said
covenant property Such records shall be notice
to and binding all persons.
SEC A. Any money paid county corporation duly
organized authorized this State guaranteeing the
fidelity of persons and acting surety bonds any per-
for acting surety official bond given such probate
Judge be allowed his discretion charge against the
estate in which such bond is required.
SEQ. 5. This act shall take effect upon its passage.
Approved November ~, 1894.