Section 15-115 - Corporations that act as fiduciaries not liable as sureties.
§ 15-115. Corporations that act as fiduciaries not liable as sureties.
A corporation that under the laws of this State may act as a fiduciary without bond or security other than its own obligation may not incur the liability of a surety upon a bond.
[An. Code 1957, art. 90, § 10; 1997, ch. 31, § 1.]