The Comptroller of the state, within 10 days after the first day of January of each year, shall examine bonds of the state officials. If the Comptroller believes, by reason of the death, assignment, or insolvency of any of the sureties on the bonds of the officials, that the sufficiency of the bond has become impaired, the Comptroller shall report the impairment to the Governor. The Governor shall require the official to execute and file with the proper officer a new bond for the same amount and under the same conditions as the former bond. The Comptroller is liable to the state for any loss that may be sustained by the state, by reason of the failure to examine such bonds, and the sum may be recovered by suit against the Comptroller.

History.--ss. 1, 4, ch. 4413, 1895; GS 115; RGS 127; CGL 157; s. 61, ch. 95-147; s. 5, ch. 95-312.