Title 50, Chapter 5A, Section 3
( 50-5A-3)
The surety may, by express stipulation in writing, limit its
liability to a specific sum to be stated in the bond of the
director, and all the property of the director to the full amount of
the bond and the property of the securities to the amount for which
they may be severally bound shall be liable for the faithful
performance by the director of the duties of the office from the
date of the execution of the bond. A lien is created in favor of
the state upon the property of the director to the amount of the
bond and upon the property of the securities upon the bond to the
amount for which they may be severally liable, from the date of the
execution of the bond. | 
