Liability of surety generally

The surety on an official's bond shall be liable for losses or other liabilities covered by the bond which occur within the term to which the bond applies, regardless of when the loss or liability is discovered. Acts 1975, No. 331, § 2; A.S.A. 1947, § 12-239. The surety on an official's bond shall be liable for losses or other liabilities covered by the bond which occur within the term to which the bond applies, regardless of when the loss or liability is discovered. Acts 1975, No. 331, § 2; A.S.A. 1947, § 12-239.