83-27-11 - Estopped to deny corporate powers.
§ 83-27-11. Estopped to deny corporate powers.
Any company who shall execute any bond as surety shall, in any proceeding to enforce the liability which it shall have assumed to incur, be estopped to deny its corporate power to execute such instrument or assume such liability. Nor shall any failure to comply with any or all of the provisions of this chapter avail said company as a defense in any such proceedings.
Sources: Codes, 1906, § 2674; Hemingway's 1917, § 5140; 1930, § 5230; 1942, § 5744.