§ 19-14.3-3.3 Action on bond.
Every person who has delivered or deposited money or credit to be forwarded to
a foreign correspondent, who has acquired any judgment, debt, claim, or demand
relating to the transaction against any person named as principal in any bond
filed in accordance with the provisions of this chapter or the person's agents
or employees, arising from defalcation, embezzlement, negligence, breach of
contract, or violation of any duty required under this title, shall have a
cause of action upon the bond for all damages sustained, and shall upon request
be furnished with a certified copy of the bond by the director or the
director's designee and may bring suit in the name of the obligee named in the
bond for their use and benefit against the principal and surety or sureties
named in the bond, and may prosecute the action to final judgment and
execution; provided, that the action and its prosecution shall involve the
obligee in no expense, and that every action shall be commenced and sued within
six (6) years after the cause of action shall accrue and not after.
(P.L. 2001, ch. 129, § 3.)