O.C.G.A.
O.C.G.A.

O.C.G.A. § 4-6-42 (2019)

Surety bond - Generally

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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No person shall operate a sales establishment for the sale of livestock at auction unless he or she has then in force a surety in an amount established in a memorandum of agreement with the department sufficient to secure the performance of the obligations of the holder of such surety.

History

(Ga. L. 1956, p. 501, § 2; Ga. L. 1958, p. 309, § 1; Ga. L. 1959, p. 296, § 1; Ga. L. 1982, p. 1804, § 2; Ga. L. 1983, p. 1161, § 1; Ga. L. 2017, p. 129, § 8/HB 49.)

Annotations

The 2017 amendment, effective July 1, 2017, rewrote this Code section.

RESEARCH REFERENCES

Am. Jur. 2d. - 7 Am. Jur. 2d, Auctions & Auctioneers, § 5.

C.J.S. - 7A C.J.S., Auctions & Auctioneers, §§ 13, 14, 15, 44, 45.

ALR. - Validity of statute or ordinance which requires liability or indemnity insurance or bond as condition of license for conducting business or profession, 120 A.L.R. 950.