Pennsylvania Act 1895-252 — DEPOSIT OF MONEY OR ASSETS

Act text

DEPOSIT OF MONEY OR ASSETS
                 Act of Jun. 26, 1895, P.L. 343, No. 252              Cl. 40
                                  AN ACT

     Relative to bonds, undertakings, recognizances, guarantees and
        other obligations required or permitted to be made, given,
        tendered or filed with surety or sureties, and to the
        acceptance as surety or guarantor thereupon of companies
        qualified to act as such.

        Section 3.  Deposit of moneys or assets for which sureties
     are liable; withdrawal
        It shall be lawful for any party of whom a bond or
     undertaking is required to agree with his sureties for the
     deposit of any or all moneys for which said sureties are or may
     be held responsible with a trust company authorized by law to
     receive such deposit, if such deposit is otherwise proper, and
     for the safekeeping of any and all other depositable assets for
     which said sureties are or may be held responsible with a safe
     deposit company authorized by law to do business as such, in
     such manner as to prevent the withdrawal of such moneys and
     assets, or any part thereof except with the written consent of
     such sureties, or an order of the court made on such notice to
     them as such court may direct.  1895, June 26, P.L. 343, Sec. 3.