§ 15-115. Corporations that act as fiduciaries not liable as sureties

Latest version.

A corporation that under the laws of this State may act as a fiduciary without bond or security other than its own obligation may not incur the liability of a surety upon a bond.

HISTORY: An. Code 1957, art. 90, § 10; 1997, ch. 31, § 1.

                    
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