The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 4145)
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§ 4145. Fidelity companies may act as sole surety
Where by law two or more sureties are required upon an obligation that a fidelity
insurance company is authorized to insure, the fidelity insurance company may act
as sole surety upon the obligation and may be accepted as such by the court or other
person authorized to approve the sufficiency of the bond or undertaking. Any State
law requiring sureties on bonds to be residents of this State shall not be construed
to forbid the acceptance of a qualified foreign company as joint and sole surety upon
any such bond. (Amended 2021, No. 105 (Adj. Sess.), § 158, eff. July 1, 2022.)