2010 Maine Code
TITLE 20-A: EDUCATION
Chapter 226: JOB FOR MAINE'S GRADUATES
20-A §6907. Liability of officers, directors and employees
Part 3: ELEMENTARY AND SECONDARY EDUCATION
§6907. Liability of officers, directors and employees
All officers, directors, employees and other agents of the corporation entrusted with the custody of the securities of the corporation or authorized to disburse the funds of the corporation must be bonded, either by a blanket bond or by individual bonds, with a surety bond or bonds with a minimum limitation of $100,000 coverage for each person covered, conditioned upon the faithful performance of duties, the premiums for which are paid out of the assets of the corporation. [1993, c. 348, §1 (NEW).]
SECTION HISTORY
1993, c. 348, §1 (NEW).
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