The treasurer and all employees of every credit union who are responsible for administering and safekeeping the funds of the credit union, before entering upon the discharge of their duties, shall be covered by an individual, schedule, or blanket fidelity bond in favor of the credit union employing them, with terms and surety approved by the board of directors of the credit union and the superintendent of credit unions. Such bond shall be at the expense of the credit union. Its amount shall be increased if required by the superintendent.
Effective Date: 01-01-1979Section: Previous 1733.18 1733.181 1733.19 1733.191 1733.20 1733.21 1733.22 1733.23 1733.24 1733.241 1733.242 1733.243 1733.25 1733.251 1733.252 Next
Last modified: October 10, 2016