§ 29-932Title 29
Bonding of officers and employees.
Every individual acting as officer or employee of an association and handling funds or securities amounting to $1,000 or more, in any one year, shall be covered by an adequate bond, as determined by the board of directors and at the expense of the association. The bylaws may also provide for the bonding of other employees or officers.
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720 1973 Ed., § 29-832. 1981 Ed., § 29-1132. 2001 Ed., § 29-932.
Sourced from the DC Council Open Law Library (public domain).
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