Okla. Stat. tit. 18, § 18-490
This is the official text of Okla. Stat. tit. 18, § 18-490, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Cancellation of bond - Grounds - Notice
Official statutory text
Oklahoma Statutes - Title 18. Corporations Page 239
Where any surety company bond is required to be executed by any
county, district, or state officer or his deputy or by any county
employee who has in his custody any money or property belonging to
the county for the purposes of his employment, whether said bond is
required by law or by the board of county commissioners or by the
principal officer, such surety or sureties may, if they deem
themselves unsafe or insecure, upon thirty (30) days written notice
given to the Secretary of State as to state and district officers
and as to county officers the board of county commissioners,
withdraw and cancel their obligations as surety or sureties on said
bond; provided that such cancellation shall not relieve the surety
company from any liability previously incurred, and said pro rata
share of the unearned premium shall be returned.
Where any surety company bond is required to be executed by any
county, district, or state officer or his deputy or by any county
employee who has in his custody any money or property belonging to
the county for the purposes of his employment, whether said bond is
required by law or by the board of county commissioners or by the
principal officer, such surety or sureties may, if they deem
themselves unsafe or insecure, upon thirty (30) days written notice
given to the Secretary of State as to state and district officers
and as to county officers the board of county commissioners,
withdraw and cancel their obligations as surety or sureties on said
bond; provided that such cancellation shall not relieve the surety
company from any liability previously incurred, and said pro rata
share of the unearned premium shall be returned.
Status: in_force · Read it on the official government site
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