[§421C-27] Bonding. Any individual acting as manager of an association and handling funds or securities amounting to $5,000 or more, in any one year, shall be covered by an adequate bond as determined by the directors and at the expense of the association. The bylaws may also provide for the bonding of other employees or officers. [L 1982, c 97, pt of §2]
Section: Previous 421c-20 421c-21 421c-22 421c-23 421c-24 421c-25 421c-26 421c-27 421c-28 421c-29 421c-30 421c-31 421c-32 421c-33 421c-34 NextLast modified: October 27, 2016