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Illinois Compiled Statutes

755 ILCS 5/12-3 (2026)

Surety

✓ current as of May 2026
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(755 ILCS 5/12-3) (from Ch. 110 1/2, par. 12-3)
    Sec. 12-3. Surety.) Every bond provided for in this Article must have as security thereon not less than 2 sureties acceptable to the court or one surety company qualified to do business in this State and acceptable to the court.
(Source: P.A. 79-328.)

    
Notes of Decisions
Cited in 2 cases, 2004–2004 · leading case: Johnson v. State Farm Fire & Cas. Co., 806 N.E.2d 223 (Ill. App. Ct. 2004).
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Johnson v. State Farm Fire & Cas. Co., 806 N.E.2d 223 (Ill. App. Ct. 2004). “Plaintiff signed the indemnity agreement with Safeco so that Safeco would become the corporate surety on the bond (755 ILCS 5/12-3 (West 2000)). Regardless of the indemnity agreement, plaintiff was responsible for any damage that his coexecutor, White, caused to the estate…”
Johnson v. State Farm Fire & Cas. Co. (Ill. App. Ct. 2004). “Plaintiff signed the indemnity agreement with Safeco so that Safeco would become the corporate surety on the bond (755 ILCS 5/12-3 (West 2000)). Regardless of the indemnity agreement, plaintiff was responsible for any damage that his coexecutor, White, caused to the estate…”
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