The surety in every undertaking provided for by this Code or other statutes unless a surety company, must be a resident of this state and worth double the sum to be secured, over and above all exemptions, debts and liabilities. Where there are two or more sureties in the same undertaking they must in the aggregate have the qualifications prescribed in this section.
§ 62.Qualifications of Surety
Chapter 2: General Provisions · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceSection 62 requires a surety on an undertaking — unless it's a surety company — to be an Oklahoma resident worth double the secured amount above exemptions, debts, and liabilities, and lets multiple sureties meet that worth in the aggregate.
Full Text of § 62
Amendment History
R.L. 1910, § 5343.
Plain-English Summary
Section 62 sets the financial bar for an individual surety. Unless the surety is a surety company, the person must live in Oklahoma and be worth double the amount the undertaking secures, counting only what's left over after exemptions, debts, and liabilities.
When an undertaking has two or more sureties, they don't each have to clear that bar alone — the section lets them combine their net worth, so long as the group's total meets the double-the-sum requirement.
Frequently Asked Questions
How much does an individual surety have to be worth?
Double the sum the undertaking secures, over and above all exemptions, debts, and liabilities.
Does a bonding or surety company have to meet this net-worth test?
No, the residency and net-worth requirements apply to individual sureties, not to surety companies.
Does each surety need to independently be worth double the bond if there's more than one?
No. Where there are two or more sureties on the same undertaking, they only need to meet the qualification in the aggregate.
Does a surety have to live in Oklahoma?
Yes, an individual surety must be a resident of the state.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
Also known as: surety net worth double bond amountqualifications of individual surety Oklahomaresident surety requirementmultiple sureties combined qualification