statutory bond

A bond that literally or substantially meets the requirements of a statute. [Cases: Bonds 31, 50. C.J.S. Bonds §§ 21–23, 28, 32, 34, 39.]

statutory bond. 1. BOND(2). 2. BOND(3).

A bond given in accordance with a statute. [Cases: Bonds 31, 50. C.J.S. Bonds §§ 21–23, 28, 32, 34, 39.]