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O.C.G.A. § 4-6-42 — Surety bond - Generally | Georgia Code

O.C.G.A. § 4-6-42 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 4 ANIMALS

Section 6. Livestock Dealers and Auctions, 4-6-1 through 4-6-55.

ARTICLE 3 LIVESTOCK AUCTIONS

4-6-42. Surety bond - Generally.

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.

(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.)

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.

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This Georgia Code resource is curated by Georgia Bar member Graham W. Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.