Oklahoma § 13-203 - Term - Cancellation - Notice

§ 13-203. Term - Cancellation - Notice

Every bond or undertaking of any nature whatsoever given by an

employee of any common carrier authorized to do business in this

state, shall be made to cover a definite term; and no such bond or

undertaking shall be canceled without the consent of all parties

thereto, except for a breach of one or more of the conditions

thereof. Any such employee who shall have given any such bond or

undertaking, shall, upon breach of any of the conditions thereof by

the other party or parties hereto, have the power to cancel the same

by giving the surety or sureties thereon and the common carrier for

the benefit of whom the same shall have been made at least ten (10)

days' notice in writing, setting out in full the reasons for

canceling the same, said notice to be signed by such employee and

sworn to by him in this state before any officer authorized to

administer oaths. Any such notice to a company, corporation or

association may be served by leaving the same with any person upon

whom service of legal process upon such company, corporation or

association may be had. Any surety on any such bond or undertaking,

shall, upon the breach of any of the conditions thereof by the

common carrier employee for whom the same shall have been made, have

Oklahoma Statutes - Title 13. Common Carriers

power to cancel the same by giving such employee at least ten (10)

days' notice in writing, setting out in full the reasons for

canceling the same, the said notice to be signed by an agent or

manager of such surety, then a resident of this state and then

authorized to approve or disapprove similar bonds or undertakings

for such surety, and to be sworn to by the person signing the same

in this state before an officer authorized to administer oaths:

Provided, that nothing herein shall affect any right of action

accruing to any person upon the breach of a contract.

R.L. 1910, § 873.