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Call Now: 904-383-7448No bond required under this article shall be released until the contract for which the bond is given has been fully performed and until the commissioner obtains a written release from the Commissioner of Labor certifying that all contributions and interest due from the principal on the bond under Chapter 8 of Title 34 have been paid in full. Bonds shall be released automatically two years after written notification of the completion of the contract is received by the commissioner unless a court proceeding has been instituted against the contractor.
(Ga. L. 1961, p. 480, § 7; Ga. L. 1972, p. 492, § 2; Code 1933, § 91A-6108, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1985, p. 708, § 19.)
- Pursuant to Code Section 28-9-5, in 1985, "Commissioner of Labor" was substituted for "Commissioner of the Department of Labor" in the first sentence.
- 11 C.J.S., Bonds, § 55 et seq.
Total Results: 1
Court: Supreme Court of Georgia | Date Filed: 1999-12-02
Citation: 524 S.E.2d 486, 271 Ga. 774, 99 Fulton County D. Rep. 4298, 1999 Ga. LEXIS 1027
Snippet: denied the right to perform the contract, OCGA § 48-13-34, and OCGA § 48-13-37 merely provides that the