§ 7-8-29 - Bonding of officers and employees.
SECTION 7-8-29
§ 7-8-29 Bonding of officers andemployees. – Every individual acting as officer or employee of an association, and handlingfunds or securities amounting to one thousand dollars ($1,000) or more in anyone year, shall be covered by an adequate bond as determined by the board ofdirectors, and at the expense of the association.