Title 33, Chapter 24, Section 49
( 33-24-49)
It shall be lawful for any party of whom a bond, undertaking, or
other obligation is required to agree with his surety or sureties
for the deposit of any or all moneys and assets for which he and his
surety or sureties are or may be held responsible with a bank,
savings bank, safe-deposit, or trust company authorized by law to do
business as such or with such other depository as approved by the
court or a judge of the court, if the deposit is otherwise proper,
for the safekeeping of the moneys or assets. The agreement shall
prevent the withdrawal of the moneys or assets or any part of the
moneys or assets without the written consent of the surety or
sureties or an order of the court or a judge of the court made on
notice to the surety or sureties as the court or judge may direct;
provided, however, that the agreement shall not in any manner
release from or change the liability of the principal or sureties as
established by the terms of the said bond. |