27 CAR § 30-144
27 CAR § 30-144. Financial responsibility corporate surety bond
Length: 79 wordsOfficial source
(a) A financial responsibility corporate surety bond may be filed in lieu of the specified forms of security as described in 27 CAR § 30-143.
(b) Such bond shall be:
(1) On a form approved by the Director of the Office of Driver Services; and
(2) Executed only by those corporations authorized to do business in this state.
(c) Such bond shall be accompanied by a power of attorney authorizing the agent of the corporation to execute said bond.