44-4-3 Undertaking to release property from lien--Amount--Sureties--Terms and conditions--Justifi...
Undertaking to release property from lien--Amount--Sureties--Terms and conditions--Justification of sureties.
The person filing an affidavit pursuant to § 44-4-2 shall cause to be filed
with the officer an undertaking in an amount of not less than twice the amount of the lien executed
by at least two sureties, resident freeholders of this state, or a qualified corporate surety, to the effect
that the owner or interested party will, on demand, pay the amount that may be recovered by the lien
claimant, together with interest and costs. Personal sureties shall justify their responsibility by
affidavit annexed to the undertaking, stating a sum which each is worth in property in this state over
and above all debts and liabilities and property exempt from execution, the aggregate of which shall
be double the amount specified in the undertaking.
Source: SL 1966, ch 124, § 2.