A bond in a penal sum, containing a condition that it shall be void on the payment of a certain sum of money, or the performance of an act or of certain duties, has the same effect for the purpose of maintaining an action upon it as if it contained a covenant to pay the money or perform the act or the duties specified in the condition. But the damages to be recovered for a breach, or successive breaches, of the condition, as against the sureties therein, may not exceed the penalty of the bond.

History

Aug. 30, 1964, 78 Stat. 670, Pub. L. 88-509, § 1

Prior Codifications

1973 Ed., § 28-2502.

1981 Ed., § 28-2502.

Section References

This section is referenced in § 15-106.

Cross References

Judgments and decrees, damages assessed in actions on bonds or penal sums, see § 15-106.