Oklahoma § 18-481 - Corporation surety authorized

§ 18-481. Corporation surety authorized

Whenever any recognizance, stipulation, bond, or undertaking

conditioned for the faithful performance of any duty or for the

doing or refraining from doing anything in such recognizances,

stipulation, bond or undertaking specified, is by law of the State

of Oklahoma required or permitted to be given with one surety, or

with two or more sureties, the execution of the same or the

guaranteeing of the performance of the conditions thereof shall be

sufficient when executed or guaranteed solely by a corporation

incorporated under the laws of the United States, or of any state,

having power to guarantee the fidelity of persons holding positions

of public or private trust, and to execute and guarantee bonds and

undertakings in judicial proceedings: Provided, that such

recognizance, stipulation, bond or undertaking be approved by the

head of department, court, judge, officer, board or body executive,

legislative or judicial, required to approve or execute the same.

R.L.1910, § 1344.