Amends Kentucky law to require sureties in bonds to be state residents and meet financial qualifications.
The bill amends Kentucky law to specify that sureties in bonds must be residents of the state and meet financial qualifications. Specifically, sureties must be worth double the sum to be secured beyond their debts and have property liable to execution in the state equal to the sum to be secured. If there are multiple sureties in the same bond, they must collectively meet these requirements.
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