Colorado Code § 24-13-111

Effect of new bond - release
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If a new bond is given by any officer, then the
former sureties shall be entirely released and discharged from all liability incurred by any such
officer as to any business which may have been transacted from and after the time of the
approval of the new bond, and the sureties to the new bond shall be liable for all official
delinquencies of said officer, whether of omission or commission, which may occur after
approval of the new bond.

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