Log In Create Account
Codal Library

Section 35. Power to Require Bonds - Administrative Code of 1987

Section 35. Power to Require Bonds of Administrative Code of 1987. Section 35. Power to Require Bonds. - (1) The head of each bureau or office shall, consistent with law, rules and regulations, prescribe the form

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Administrative Code of 1987

Section 35. Power to Require Bonds. -

(1) The head of each bureau or office shall, consistent with law, rules and regulations, prescribe the form and fix the amount of all bonds executed by private parties to the government under the laws pertaining to his bureau or office. He shall pass on the sufficiency of the security and retain possession of the bond.

(2) When it appears that any such bond is insufficient, the head may require additional security. He may withdraw the privilege secured by the bond upon failure of the party to give additional security within the period fixed in the notice, but such an action shall be without prejudice to the liability of any person or property already obligated.

Clara

Hello