LATHAM v. UNITED STATES FIDELITY & GUARANTY CO.

No. 46795.

267 So.2d 895 (1972)

P.U. "Jack" LATHAM, d/b/a Latham Oil Company v. UNITED STATES FIDELITY & GUARANTY COMPANY.

Supreme Court of Mississippi.

October 23, 1972.


Attorney(s) appearing for the Case

W.T. Denman, III, Eupora, for appellant.

Brooks, Guyton & Shaw, Kosciusko, for appellee.


INZER, Justice:

The principal question to be decided in this case is whether the parties to a fidelity bond, or a fidelity insurance contract, can legally contract so as to provide for a shorter period of limitation than prescribed by the applicable statute of limitations. We hold that Mississippi Code 1942 Annotated, Section 724 (1956), prohibits the parties from so contracting and any attempt to do so is null and void.

The record reflects that on March 4...

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