Chapter 1 Rights and Remedies of Sureties

Cross references. —

As to justification by sureties, see § 1-1-104 .

As to qualifications of sureties, see § 1-1-105 .

As to bonds in attachment and garnishment proceedings, see §§ 1-15-104 , 1-15-105 , 1-15-405 .

As to bonds in replevin actions, see §§ 1-15-301 to 1-15-306 .

As to stay, supersedeas and appeal bonds, see §§ 1-17-201 to 1-17-202 , 1-17-705 ; Rules 62(c), (d), Rules 4.01 and 4.02, W.R.A.P.

As to bonds in proceedings for injunctions, see § 1-28-108 ; Rule 65(c), W.R.C.P.

As to sureties for executors and administrators, see §§ 2-3-102 , 2-3-106 , 2-3-109 , 2-3-113 to 2-3-120 , 2-11-301 .

As to sureties for trustees for missing persons, see § 2-12-105 .

As to sureties for guardians, see § 3-2-108 .

As to bail in criminal proceedings, see §§ 7-10-101 to 7-10-106 , Rule 8, 3.1, W.R.Cr.P.

As to sureties on bonds of state officers, see § 9-2-1016 .

As to definition of “surety insurance,” see § 26-5-105 .

As to surety insurance rates and rate filings, see §§ 26-14-105 , 26-14-107 to 26-14-109 , 26-14-112 .

As to surety contracts subject to Insurance Code, see § 26-21-101 .

As to proceedings against sureties, see Rule 65.1, W.R.C.P.

Editor's notes. —

Sections 38-1-101 to 38-1-109 were enacted as ch. 6, division VII, of the civil code, Laws 1886, ch. 60.

Application. —

Statute cannot apply where oil land lessee’s bond was executed in favor of government lessor and surety suffered additional liability through neglect or laches of government official upon whom demand to bring suit for cancellation of lease was made, since government is not responsible for laches or wrongful acts of its officers. United States v. Schendel, 52 F. Supp. 772, 1943 U.S. Dist. LEXIS 1983 (D. Wyo. 1943).

Am. Jur. 2d, ALR and C.J.S. references. —

74 Am. Jur. 2d Suretyship § 1 et seq.

Conclusiveness and effect, upon surety, of default or consent judgment against principal, 59 ALR2d 752.

Reformation of instrument as against surety, 79 ALR2d 1180.

Surety as a creditor within contemplation of bulk sales law, 85 ALR2d 1211.

Person who signs contract of suretyship but is not named in the body thereof as party to contract and liable thereunder, 94 ALR2d 691.

Right of guarantor or surety to compel coguarantors or cosureties to pay their share to creditor, 38 ALR3d 680.

Liability of surety on infant’s contract or obligation where contract is disaffirmed by infant, 44 ALR3d 1417.

Change in name, location, composition or structure of obligor commercial enterprise subsequent to execution of guaranty or surety agreement as affecting liability of guarantor or surety to the obligee, 69 ALR3d 567.

Creditor’s duty of disclosure to surety or guarantor after inception of suretyship or guaranty, 63 ALR4th 678.

Computation of net “loss” for which fidelity insurer is liable, 5 ALR5th 132.

Liability of surety on private bond for statutory penalties imposed for nonpayment, 19 ALR5th 900.

72 C.J.S. Principal and Surety § 1 et seq.

§ 38-1-101. Requiring suit by creditor.

A person bound as surety in a written instrument for the payment of money, or other valuable thing, may, if right of action accrues thereon, require his creditor by a notice in writing, to commence an action on such instrument forthwith, against the principal debtor; and unless the creditor commences such action within a reasonable time thereafter, and proceed with due diligence, in the ordinary course of law, to recover judgment against the principal debtor for the money or other valuable thing due thereby, and to make by execution the amount thereof, the creditor, or the assignee of such instrument so failing to comply with the requisition of such surety shall thereby forfeit the right which he would otherwise have to demand, and receive of such surety, the amount due thereon.

History. Laws 1886, ch. 60, § 690; R.S. 1887, § 3038; R.S. 1899, § 4163; C.S. 1910, § 5023; C.S. 1920, § 6293; R.S. 1931, § 89-4101; C.S. 1945, § 3-7701; W.S. 1957, § 38-1.

Due process. —

Although this section shows that Wyoming has a policy interest in ensuring a forum for creditors, this interest does not involve the requisite state action to invoke the federal or Wyoming due process clause. Pete Lien & Sons v. Ellsworth Peck Constr. Co., 896 P.2d 761, 1995 Wyo. LEXIS 92 (Wyo. 1995).

Reasonable notice. —

A bond notice provision which requires the claimant to notify the principal, owner or surety of a claim within 90-days of finishing work is reasonable. Pete Lien & Sons v. Ellsworth Peck Constr. Co., 896 P.2d 761, 1995 Wyo. LEXIS 92 (Wyo. 1995).

Quoted in

Lange v. Valencia, 533 P.2d 304, 1975 Wyo. LEXIS 136 (Wyo. 1975).

Cited in

Halliburton Co. v. Claypoole, 868 P.2d 252, 1994 Wyo. LEXIS 15 (Wyo. 1994).

Am. Jur. 2d, ALR and C.J.S. references. —

What constitutes action on bond, executed under law of United States, so as to be within federal district court’s jurisdiction under 28 USC § 1352, 105 ALR Fed 716.

§ 38-1-102. Requiring suit by creditor; requisition by personal representative of surety.

The executor or administrator of a surety so bound may, in like manner, make such requisition of the creditor, or his executor or administrator, as provided in the preceding section [§ 38-1-101 ]; and in case of failure of the creditor, or his executor or administrator, to proceed as therein required, the executor or administrator, if he make the requisition, shall have the same relief as is therein provided for a surety.

History. Laws 1886, ch. 60, § 691; R.S. 1887, § 3039; R.S. 1899, § 4164; C.S. 1910, § 5024; C.S. 1920, § 6294; R.S. 1931, § 89-4102; C.S. 1945, § 3-7702; W.S. 1957, § 38-2.

§ 38-1-103. Requiring suit by creditor; what bonds not affected.

Nothing in the last two (2) sections [§§ 38-1-101 , 38-1-102 ] contained shall be so construed as to affect bonds required by law to be given by guardians, executors, administrators, trustees of an express trust, public officers, or any bond or undertaking required by law to be given in an action or legal proceeding in any court in this state.

History. Laws 1886, ch. 60, § 692; R.S. 1887, § 3040; R.S. 1899, § 4165; C.S. 1910, § 5025; C.S. 1920, § 6295; R.S. 1931, § 89-4103; C.S. 1945, § 3-7703; W.S. 1957, § 38-3.

Applied in

Lange v. Valencia, 533 P.2d 304, 1975 Wyo. LEXIS 136 (Wyo. 1975).

§ 38-1-104. Rights on paying judgment.

When the surety on a judgment, who is certified therein to be such, or his personal representative pays the judgment, or any part thereof, he shall, to the extent of such payment, have all the rights and remedies against the principal debtor that the plaintiff had at the time of such payment; and proceedings to revive the judgment shall be as provided in section three hundred and seventy-four [§ 1-16-502 ], and shall be in the name of such surety or representative; but the plaintiff in the original action shall not be liable for any costs therein.

History. Laws 1886, ch. 60, § 693; R.S. 1887, § 3041; R.S. 1899, § 4166; C.S. 1910, § 5026; C.S. 1920, § 6296; R.S. 1931, § 89-4104; C.S. 1945, § 3-7704; W.S. 1957, § 38-4.

§ 38-1-105. Application for release by surety of school district treasurer.

A surety of the treasurer of school funds in any school district, organized under the provisions of law, may at any time notify the board of county commissioners of the proper county, by giving at least five (5) days notice in writing, that he is unwilling to continue as surety for such treasurer, and will, at a time therein named, make application to the board of county commissioners to be released from further liability upon his bond; and he shall also give at least three (3) days notice in writing to such treasurer, of the time and place at which the application will be made.

History. Laws 1886, ch. 60, § 698; R.S. 1887, § 3046; R.S. 1899, § 4167; C.S. 1910, § 5027; C.S. 1920, § 6297; R.S. 1931, § 89-4105; C.S. 1945, § 3-7705; W.S. 1957, § 38-5.

Cross references. —

As to release of sureties of bonds of state, county or municipal officers, see § 38-2-106 .

§ 38-1-106. Application for release by surety of school district treasurer; action of commissioners.

The board of county commissioners, upon such notice being given, shall hear the application, and if in their opinion there is good reason therefor, shall require the treasurer to give a new bond, conditioned according to law and to the satisfaction of the board, within such time as they may direct, and if the treasurer fail to execute such bond, the office shall be deemed vacant and shall be immediately filled as other vacancies therein; but such sureties shall not be released or discharged until the filing of the new bond or the expiration of the time allowed therefor; and the cost of such application shall be paid by the person making the same.

History. Laws 1886, ch. 60, § 699; R.S. 1887, § 3047; R.S. 1899, § 4168; C.S. 1910, § 5028; C.S. 1920, § 6298; R.S. 1931, § 89-4106; C.S. 1945, § 3-7706; W.S. 1957, § 38-6.

§ 38-1-107. Compelling principal to pay debt.

A surety may maintain an action against his principal to compel him to discharge the debt or liability, for which the surety is bound, after the same becomes due.

History. Laws 1886, ch. 60, § 702; R.S. 1887, § 3050; R.S. 1899, § 4169; C.S. 1910, § 5029; C.S. 1920, § 6299; R.S. 1931, § 89-4107; C.S. 1945, § 3-7707; W.S. 1957, § 38-7.

Apportionment of proceeds. —

Where notes were made payable to 1 of several sureties only, equity would apportion the proceeds of the notes to each. Bolln v. Metcalf, 6 Wyo. 1, 42 P. 12, 1895 Wyo. LEXIS 1 (Wyo. 1895).

Liability of partner. —

Where sureties on bond attempted to levy an attachment on defaulting principal’s supposed interest in a partnership, and a member of the firm, to avoid the attachment, executed notes equal to the amount embezzled, maker is liable on the notes on payment by the sureties of a judgment against them for said amount. Bolln v. Metcalf, 6 Wyo. 1, 42 P. 12, 1895 Wyo. LEXIS 1 (Wyo. 1895).

Applied in

Lange v. Valencia, 533 P.2d 304, 1975 Wyo. LEXIS 136 (Wyo. 1975).

§ 38-1-108. Action for indemnity before debt due.

A surety may maintain an action against his principal to obtain indemnity against the debt or liability for which he is bound before it is due whenever any of the grounds exist upon which, by the provisions of this act, an order may be made for arrest, or for an attachment.

History. Laws 1886, ch. 60, § 703; R.S. 1887, § 3051; R.S. 1899, § 4170; C.S. 1910, § 5030; C.S. 1920, § 6300; R.S. 1931, § 89-4108; C.S. 1945, § 3-7708; W.S. 1957, § 38-8.

Editor's notes. —

The words “this act” refer to the civil code, Laws 1886, ch. 60.

Surrender of deposit. —

Where surety on a bond who had been indemnified by a deposit of money by the principal surrendered the deposit on dismissal of the action, such surrender did not affect his liability on the bond on reversal of the judgment of dismissal, the surrender having been without the consent of the obligee. Snow v. Duxstad, 23 Wyo. 82, 147 P. 174, 1915 Wyo. LEXIS 14 (Wyo. 1915).

Cited in

Bolln v. Metcalf, 6 Wyo. 1, 42 P. 12, 1895 Wyo. LEXIS 1 (1895).

Am. Jur. 2d, ALR and C.J.S. references. —

Attachment against principal by surety before debt is due, 58 ALR2d 1451.

§ 38-1-109. Action for indemnity before debt due; obtaining provisional remedies.

In such action the surety may obtain any of the provisional remedies mentioned in division six of this act, upon the grounds and in the manner therein provided.

History. Laws 1886, ch. 60, § 704; R.S. 1887, § 3052; R.S. 1899, § 4171; C.S. 1910, § 5031; C.S. 1920, § 6301; R.S. 1931, § 89-4109; C.S. 1945, § 3-7709; W.S. 1957, § 38-9.

Editor's notes. —

The words “division six of this act” refer to division VI of the civil code, Laws 1886, ch. 60.

Promissory notes as security. —

Promissory notes given to a surety upon bond of a defaulting officer by a third person, to indemnify such surety, will be held as security for benefit of a cosurety equally with payee named in the notes. Bolln v. Metcalf, 6 Wyo. 1, 42 P. 12, 1895 Wyo. LEXIS 1 (Wyo. 1895).

Chapter 2 Surety Bonds

Cross references. —

As to bonds of state officers and employees, see § 9-1-102 .

As to bonds of officers of cities and towns, see §§ 15-3-207 , 15-7-405 , 15-7-410 .

As to bonds of officers of counties, see §§ 18-1-311 , 18-3-102 , 18-3-111 , 18-3-112 , 18-9-202 .

As to bonds of commissioners of irrigation districts, see §§ 41-7-302 , 41-7-304 .

As to bonds of treasurers of public irrigation and power districts, see § 41-7-806 .

As to bonds of commissioners of drainage districts, see §§ 41-9-117 , 41-9-125 , 41-9-204 .

As to bonds of directors of water and sewer districts, see § 41-10-109 .

Am. Jur. 2d, ALR and C.J.S. references. —

12 Am. Jur. 2d Bonds § 21; 74 Am. Jur. 2d Suretyship § 7 et seq.

Liability of public officer or his bond for defaults and misfeasance of his clerks, assistants or deputies, 71 ALR2d 1140.

11 C.J.S. Bonds § 1 et seq.; 72 C.J.S. Principal and Surety § 1 et seq.

§ 38-2-101. Bonds of officers having custody of money; of whom required; conditions.

The state treasurer and the treasurer of each county, city, town, school district, irrigation district, drainage district, and any other public officer having the custody of moneys, shall be required to furnish a bond in the amount required by law, which bond shall be conditioned that he shall faithfully perform all of the duties of his office as prescribed by law, and that he will safely keep all moneys which may come into his hands by virtue of his office, that he will promptly pay over to the person or persons legally authorized to receive the same all such moneys in the manner provided by law, and that he will deliver over to his successor in office all moneys held by him as such officer. Each of the said officers, and his bondsmen and sureties, respectively, shall be responsible for the safekeeping and paying over according to law of all funds which shall come into his hands by virtue of his office.

History. Laws 1899, ch. 94, § 1; R.S. 1899, § 2616; C.S. 1910, § 281; C.S. 1920, § 321; Laws 1931, ch. 98, § 1; R.S. 1931, § 14-101; C.S. 1945, § 68-101; W.S. 1957, § 38-10.

Construction. —

Bond of county treasurer to use all reasonable skill and diligence safely to keep funds coming into her hands must be construed in connection with depository act in determining her liability for loss of school funds by failure of bank not designated as depository. Reed v. People, 34 Wyo. 189, 242 P. 319, 1926 Wyo. LEXIS 30 (Wyo. 1926).

§ 38-2-102. Sureties and bondsmen on official bonds.

The sureties and bondsmen on such official bonds shall be residents of the state of Wyoming, who shall duly qualify to own property in the state amounting in the aggregate to double the amount of the bond upon which they become sureties. Provided, however, that any surety or guaranty company, duly qualified to act as surety or guarantor in this state upon executing such bonds, shall be accepted in lieu of such sureties.

History. Laws 1899, ch. 94, § 2; R.S. 1899, § 2617; C.S. 1910, § 282; C.S. 1920, § 322; R.S. 1931, § 14-102; C.S. 1945, § 68-102; W.S. 1957, § 38-11.

Cross references. —

As to surety companies generally, see §§ 38-3-101 to 38-3-104 .

As to bond with unauthorized surety company being void, see § 38-3-103 .

Am. Jur. 2d, ALR and C.J.S. references. —

Liability on officer’s bond for theft of public money by clerk, assistant or deputy, 71 ALR2d 1140.

§ 38-2-103. Payment of premium when bond of state, etc., treasurer furnished by surety company.

When the bond of the state treasurer or of the treasurer of any county, city, town, or school district in this state shall be furnished by a guaranty or surety company, the premium due such company for furnishing such bond shall be paid out of the public funds of said state, county, city, town, or school district, respectively; and the premium due on the bond of the state treasurer shall be paid out of the contingent fund in his office.

History. Laws 1899, ch. 94, § 3; R.S. 1899, § 2618; C.S. 1910, § 283; C.S. 1920, § 323; Laws 1921, ch. 39, § 1; R.S. 1931, § 14-103; C.S. 1945, § 68-103; W.S. 1957, § 38-12.

§ 38-2-104. Form of condition of obligation.

All bonds required by the three (3) preceding sections [§§ 38-2-101 to 38-2-103 ] may be conditioned as follows:

“Whereas, the above bounden . . . . . . . . . . . . . . . . . . . . was . . . . . to the office of . . . . . on the . . . . . day of . . . . . A.D., . . . . .

Now, therefore, the conditions of this obligation are such that if the said bounden . . . . . . . . . . . . . . . . . . . . and his deputies shall well and truly perform all the duties of his said office of . . . . . . . . . . . . . . . . . . . . as is or may be prescribed by law and shall with all reasonable skill, diligence, good faith and honesty safely keep and be responsible for all funds coming into the hands of such officer by virtue of his office; and pay over without delay to the person or persons authorized by law to receive the same all moneys which may come into his hands by virtue of his said office; and shall well and truly deliver to his successor in office, or such other person or persons as are authorized by law to receive the same, all moneys, books, papers and things of every kind and nature held by him as such officer, the above obligation to be void; otherwise remain in full force and effect.”

History. Laws 1899, ch. 94, § 4; R.S. 1899, § 2619; C.S. 1910, § 284; C.S. 1920, § 324; R.S. 1931, § 14-104; C.S. 1945, § 68-104; W.S. 1957, § 38-13.

Cross references. —

As to rights and remedies of sureties, see §§ 38-1-101 to 38-1-109 .

Repealing clauses. —

Section 5, ch. 94, Laws 1899, repealed all laws and parts of laws in conflict with that act.

Liability on bank failure. —

County treasurer and surety are liable on official bond for loss of school funds by failure of bank not designated as depository. Reed v. People, 34 Wyo. 189, 242 P. 319, 1926 Wyo. LEXIS 30 (Wyo. 1926).

§ 38-2-105. Bonds of state, county and municipal officers; payment of premiums.

Any state, county, municipal or district officer required by law or the order of any state, county or municipal council, board or organization to give a bond or other obligation, may include as a part of the lawful expenses of executing and performing the duties of his office, a reasonable sum paid a company authorized under the laws of this state to become his surety on the bond or obligation. He may pay the sum or expense from any contingent or other fund furnished by the state, county, municipality or organization for the payment of the lawful expenses of the officer or may upon proper presentation of a claim for the sum or expense, have it paid by any state, county or municipal council, board or organization that ordered and directed the bond or obligation to be furnished.

History. Laws 1899, ch. 9, § 3; R.S. 1899, § 2622; C.S. 1910, § 287; C.S. 1920, § 327; R.S. 1931, § 14-107; C.S. 1945, § 68-107; W.S. 1957, § 38-14; Laws 1983, ch. 77, § 1.

Am. Jur. 2d, ALR and C.J.S. references. —

Liability on bond of police or other peace officer for deformation, 13 ALR2d 897.

Personal liability on bond of policeman, sheriff or other peace officer, for negligently causing personal injury or death, 60 ALR2d 873.

§ 38-2-106. Bonds of state, county and municipal officers; release of sureties.

Any surety upon the bond of any state, county or municipal officer shall be released from further liability of such surety for such officer, by filing with the person or persons having authority to approve said bond, or with whom said bond is directed to be filed, a notice that said surety is unwilling longer to be security for such state, county or municipal officer. When any notice shall be filed as aforesaid, notice thereof shall immediately be given to such state, county or municipal officer, who shall thereupon file within fifteen (15) days other security to be approved as provided by law. If said state, county or municipal officer shall not in the manner aforesaid file such bond to be approved as aforesaid, the said office shall become vacant and the said vacancy shall be filled in manner as is now provided by law. If a new bond shall be given by any officer, as hereinbefore provided, then the former surety or sureties shall be entirely released and discharged from all liability incurred by such officer after the time of the approval of said new bond, and the sureties to the new bond shall henceforth be liable as therein provided, after the approval of said new bond as aforesaid. The officer, officers, board or official body where or with whom said original bond was filed, shall have power to declare any office or offices vacant as hereinbefore provided; provided, that no surety shall be released from further responsibility until the office shall be declared vacant or a new bond approved by the proper authority.

History. Laws 1899, ch. 9, § 1; R.S. 1899, § 2620; C.S. 1910, § 285; C.S. 1920, § 325; R.S. 1931, § 14-105; C.S. 1945, § 68-105; W.S. 1957, § 38-15.

Cross references. —

As to release of surety of school district treasurer, see §§ 38-1-105 , 38-1-106 .

Time of liability. —

Where a new bond was required from county treasurer, the surety on the original bond, conditioned that the treasurer should pay and account for all moneys as required by law, was liable for funds lost before a new bond was given, though the treasurer’s duty to pay over the funds did not arise until after the new bond was given and his successor was installed. Roberts v. Board of Comm'rs, 8 Wyo. 177, 56 P. 915, 1899 Wyo. LEXIS 7 (Wyo. 1899).

§ 38-2-107. Bonds of fiduciaries; payment of premium includable as expense of trust.

Any receiver, assignee, guardian, trustee, committee, executor, administrator or curator or other fiduciary required by law or the order of any court or judge to give a bond or other obligation as such, may include as a part of the lawful expense of executing his trust, such reasonable sum paid a company authorized under the laws of this state so to do, for becoming his surety on such bond, as may be allowed by the court in which or a judge before whom he is required to account, on bonds of one thousand dollars ($1,000.00) or more, not exceeding one-half of one percent per annum; on bonds of less than one thousand dollars ($1,000.00), not to exceed the sum of five dollars ($5.00).

History. Laws 1899, ch. 9, § 2; R.S. 1899, § 2621; C.S. 1910, § 286; C.S. 1920, § 326; R.S. 1931, § 14-106; C.S. 1945, § 68-106; W.S. 1957, § 38-16.

Cross references. —

As to sureties of fiduciaries, see note at beginning of this title.

As to bonds of receivers, see § 1-33-103 .

Allowance of cost. —

The allowance to an administrator for the expense of a surety bond is proper, though the administrator’s appointment was revoked for irregularity, it having been valid until revoked, and the order of revocation having continued the bond in force. Rice v. Tilton, 14 Wyo. 101, 82 P. 577, 1905 Wyo. LEXIS 34 (Wyo. 1905).

Management of decedent’s business. —

District court has power and jurisdiction in all matters of probate and jurisdiction to order that retail store owned by decedent be kept open during period of administration, and that his administratrix be allowed fee for extraordinary service in management thereof. In re Austin's Estate, 37 Wyo. 313, 261 P. 130, 1927 Wyo. LEXIS 89 (Wyo. 1927).

Am. Jur. 2d, ALR and C.J.S. references. —

Liability for loss caused to estate by acts or default of agent or attorney employed by executor or administrator, 28 ALR3d 1191.

§ 38-2-108. Bonds of fiduciaries; release of sureties.

The surety or the representative of any surety upon the bond of any trustee, committee, guardian, assignee, receiver, executor or administrator or other fiduciary, may apply by petition to the court wherein such bond is filed, or which may have jurisdiction of such trustee, committee, guardian, assignee, receiver, executor or administrator or other fiduciary, or to a judge of said court praying to be relieved from further liability as surety, for the acts or omissions of the trustees, committee, guardian, assignee, receiver, executor or administrator or other fiduciary which may occur after the date of the order relieving such surety, to be granted as herein provided for, and to require such trustee, committee, guardian, assignee, receiver, executor or other fiduciary to show cause why he should not account and such surety be relieved from such future liability, as aforesaid, and such principal be required to give a new bond, and thereupon, upon the filing of such petition, the court, or a judge thereof, shall issue such order, returnable at such time and place, and to be served in such manner, as such court or judge may direct, and may restrain such trustee, committee, guardian, assignee, receiver, executor or administrator or other fiduciary from acting, except in such manner as it may direct to preserve the trust estate; and upon the return of such order to show cause, if the principal in the bond account in due form of law and file a new bond duly approved, then such court or judge must make an order releasing such surety filing the petition, as aforesaid, from liability upon the bond for any subsequent act or default of the principal, and in default of such principal thus accounting and filing such new bond, such court or judge must make an order, directing such trustee, committee, guardian, assignee, receiver, executor or administrator or other fiduciary to account in due form of law, and that if the trust fund or estate shall be satisfactorily accounted for and delivered or properly secured, such surety shall be discharged from any and all further liability as such, for the subsequent acts or omissions of the trustee, committee, guardian, assignee, receiver, executor or administrator or other fiduciary, after the date of such surety being so relieved and discharged, and discharging such trustee, committee, guardian, assignee, receiver, executor or administrator.

History. Laws 1895, ch. 94, § 5; R.S. 1899, § 3252; C.S. 1910, § 4149; C.S. 1920, § 5299; R.S. 1931, § 113-105; C.S. 1945, § 68-205; W.S. 1957, § 38-17.

§ 38-2-109. Recovery of premium as part of costs in actions and proceedings.

In all actions and proceedings wherein the parties thereto have furnished any bond, recognizance, undertaking, stipulation or other obligation, paying therefor to any company so authorized to do, a premium for such bond or obligation, such party, if entitled to recover costs in said action, shall be allowed and may tax and recover such sum paid such a company for executing any bond, recognizance, undertaking, stipulation or other obligation therein, not exceeding however, one-half of one percent on the amount of such bond, recognizance, undertaking, stipulation or other obligation on bonds of one thousand dollars ($1,000.00) or more during each year the same has been in force; on bonds less than one thousand dollars ($1,000.00), not to exceed the sum of five dollars ($5.00).

History. Laws 1899, ch. 9, § 4; R.S. 1899, § 2623; C.S. 1910, § 288; C.S. 1920, § 328; R.S. 1931, § 14-108; C.S. 1945, § 68-108; W.S. 1957, § 38-18.

Repealing clauses. —

Section 5, ch. 9, Laws 1899, repealed all laws and parts of laws in conflict with that act.

Chapter 3 Surety Companies

Cross references. —

As to authorization of insurers and general requirements, see § 26-3-101 et seq.

§ 38-3-101. Execution of bonds.

Whenever any bond, undertaking, recognizance or other obligation is by law, or the charter, ordinances, rules or regulations of any municipality, board, body, organization, court or public officer, required or permitted to be made, given, tendered or filed, with surety or sureties, and whenever the performance of any act, duty or obligation, or the refraining from any act, is required or permitted to be guaranteed, such bond, undertaking, obligation, recognizance or guarantee may be executed by a surety company qualified to act as surety or guarantor as hereinafter provided, and such execution by such company of such bond, undertaking, obligation, recognizance or guarantee shall be in all respects a full and complete compliance with every requirement of law, charter, ordinance, rule or regulation, that such bond, undertaking, obligation, recognizance or guarantee shall be executed by one (1) surety or by one (1) or more sureties or that such sureties shall be residents or householders, or freeholders or either, or both, or possess any other qualification; and all courts, judges, heads of departments, boards, bodies, municipalities and public officers of every character, shall accept and treat accordingly such bond, undertaking, obligation, recognizance or guarantee when so executed by such company, as conforming to and fully and completely complying with every such requirement of every such law, charter, ordinance, rule or regulation.

History. Laws 1895, ch. 94, § 1; R.S. 1899, § 3248; C.S. 1910, § 4145; C.S. 1920, § 5295; R.S. 1931, § 113-101; C.S. 1945, § 68-201; W.S. 1957, § 38-19.

§ 38-3-102. Requiring bond with company unauthorized to transact business.

It shall hereafter be unlawful for any person, association or corporation, foreign or domestic, to require any person in his or its employ to make or execute, or to procure to be made or executed, any bond or undertaking for the faithful discharge of his duties, or upon any other consideration, with any corporation not organized under the laws of the state of Wyoming, as surety thereon, unless said corporation shall first have complied with the laws of the state of Wyoming, authorizing it to transact business therein.

History. Laws 1907, ch. 74, § 1; C.S. 1910, § 4152; C.S. 1920, § 5302; R.S. 1931, § 113-108; C.S. 1945, § 68-208; W.S. 1957, § 38-25.

§ 38-3-103. Requiring bond with company unauthorized to transact business; bonds with such surety void.

All bonds and undertakings entered into by any citizen or resident of the state of Wyoming, with any such organization as surety, touching or affecting any services to be rendered or acts to be performed in the state of Wyoming, in whole or in part, unless such corporation shall first have complied with the laws of the state of Wyoming, shall be void.

History. Laws 1907, ch. 74, § 2; C.S. 1910, § 4153; C.S. 1920, § 5303; R.S. 1931, § 113-109; C.S. 1945, § 68-209; W.S. 1957, § 38-26.

§ 38-3-104. Execution of bonds; penalty.

Any person, association or corporation which shall exact or require of any person, or make it a condition of employment, or the retention of employment, that he make or execute any bond or undertaking with any such corporation, having so failed to comply with the laws of the state of Wyoming, entitling it to transact business therein, as surety thereof, shall be deemed guilty of a misdemeanor, and upon conviction thereof, shall be punished by a fine of not less than one hundred dollars ($100.00), and not more than one thousand dollars ($1,000.00).

History. Laws 1907, ch. 74, § 3; C.S. 1910, § 4154; C.S. 1920, § 5304; R.S. 1931, § 113-110; C.S. 1945, § 68-210; W.S. 1957, § 38-27.