Section 4-102 - Surety bond.
§ 4-102. Surety bond.
(a) Required.- While in office, the Comptroller shall be covered by a surety bond as required in this section.
(b) Form and conditions.- The surety bond of the Comptroller shall:
(1) run to the State;
(2) be in the amount of $200,000;
(3) be with surety that the Governor approves; and
(4) be conditioned on the Comptroller:
(i) accounting for the funds that are received under color of office; and
(ii) otherwise discharging faithfully each duty of office.
(c) Filing.- After execution and approval of a surety bond under this section, the surety bond shall be recorded in the office of the Clerk of the Court of Appeals.
[An. Code 1957, art. 19, § 2; 1984, ch. 284, § 1.]