Bill Text: MN HF1118 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Bond security requirements modified.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2013-05-24 - Secretary of State Chapter 119 [HF1118 Detail]
Download: Minnesota-2013-HF1118-Introduced.html
1.2relating to bonds; modifying requirements for bond security;amending
1.3Minnesota Statutes 2012, section 574.01.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 574.01, is amended to read:
1.6574.01 BONDS, REQUISITES AND EXECUTION.
1.7Save when otherwise specially provided by statute, every bond, recognizance, or
1.8undertaking required or permitted to be made, given, tendered, or filed for the security or
1.9protection of the state, or of any person, corporation, municipality, or department thereof,
1.10or any other organization whatever and conditioned for the doing or not doing of anything
1.11in such instrument of security specified, shall be signed bytwo one or more sureties, who
1.12shallbe residents and freeholders of the state, and justify as provided in section
574.12 .
1.13Every bond or recognizance shall also be signed by the principal, and every bond shall be
1.14acknowledged by the principal and sureties.
1.3Minnesota Statutes 2012, section 574.01.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 574.01, is amended to read:
1.6574.01 BONDS, REQUISITES AND EXECUTION.
1.7Save when otherwise specially provided by statute, every bond, recognizance, or
1.8undertaking required or permitted to be made, given, tendered, or filed for the security or
1.9protection of the state, or of any person, corporation, municipality, or department thereof,
1.10or any other organization whatever and conditioned for the doing or not doing of anything
1.11in such instrument of security specified, shall be signed by
1.12shall
1.13Every bond or recognizance shall also be signed by the principal, and every bond shall be
1.14acknowledged by the principal and sureties.