.110 New bond discharges sureties -- Stipulation for indemnity.
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62.110 New bond discharges sureties -- Stipulation for indemnity.
If a new bond is given all the sureties making the motion shall be discharged from all
liability for the acts of the principal thereafter done. If the object is so specified, the bond
shall contain a covenant to indemnify the said sureties against any loss, cost or damage
legally incurred by reason of the suretyship.
Effective: October 1, 1942
History through 1968: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1,
1942, from Ky. Stat. sec. 4663.