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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 3 - Corporate Administration
ARTICLE 5 - Indemnity Bonds
Section 6203.
Universal Citation:
CA Fin Code § 6203 (2025)
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6203. (a) The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.
(b) In lieu of individual bonds, a blanket bond, protecting the association from loss through any act or acts of any director, officer, employee or agent, may be obtained.
(c) A true copy of every indemnity bond shall be on file at all times at the association’s home office.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)
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