Section 61-5A-12 - Surety bond required of organization paying in lieu of contributions.
61-5A-12. Surety bond required of organization paying in lieu of contributions. In the discretion of the department, any nonprofit organization or group of organizations that elects to become liable for payments in lieu of contributions shall be required within thirty days after the effective date of its election, to execute and file with the department a surety bond approved by the department.
Source: SL 1971, ch 276, § 66.