INSURANCE LAW (Provisions from the Code of Civil Procedure down to January 1, 1915, assigned to the Insurance Law.) : Insurance Law An Act to amend chapter thirty-three of the laws of nineteen hundred and nine, entitled "An Act in relation to insurance corporations, constituting chapter twenty-eight of the Consolidated Laws." The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. The Insurance Law is hereby amended by adding thereto the following sections: ARTICLE 5 TITLE AND CREDIT GUARANTY CORPORATIONS §§ 182a 182b bond and undertaking § 182a. The execution of any [such] bond or undertaking in any Su ety action or special proceeding by [any] a fidelity or surety company company authorized by the laws of this state to transact business, shall be equivalent to the execution of said bond or undertaking by two sureties, and such company, if excepted to, shall justify through its officers or attorney in the manner required by law of fidelity and surety companies. Any such company may execute any such bond or undertaking as surety by the hand of its officers, or attorney, duly authorized thereto by resolution of its board of directors, a certified copy of which resolution, under the seal of said company, shall be fi ed with each bond or undertaking. [Note 2207.] § 182b. Searches affecting property situate in any county in which Searching the office of county clerk or register is a salaried one, when made company's and certified to by title insurance, abstract or searching companies, abstract organized and doing business under the laws of this state, may be used in all actions or special proceedings in which official searches may be used, in place of and with the same legal effect as such official searches. [Note 2208.] § 2. This act shall take effect September first, nineteen hundred Effect and sixteen. |