The surety in every bond provided for by any statute derived from the former Civil Code, or by the Rules of Civil Procedure must be a resident of this state, and be worth double the sum to be secured beyond the amount of his debts, and have property liable to execution in this state equal to the sum to be secured. If there be two (2) or more sureties in the same bond they must, in the aggregate, have the qualifications prescribed in this section.
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