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Section 4-102 - Surety Bond — Maryland Law | CourtGPT
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Maryland Legal Code

Section 4-102 - Surety Bond

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(a) While in office, the Comptroller shall be covered by a surety bond as required in this section. (b) The surety bond of the Comptroller shall: (1) run to the State; (2) be in the amount of $200,000; (3) be with surety that the Governor approves; and (4) be conditioned on the Comptroller: (i) accounting for the funds that are received under color of office; and (ii) otherwise discharging faithfully each duty of office. (c) After execution and approval of a surety bond under this section, the surety bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland.