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2012 Maine Revised Statutes
TITLE 10: COMMERCE AND TRADE
Chapter 107: MAINE DEVELOPMENT FOUNDATION; MAINE ECONOMIC GROWTH COUNCIL
10 §922. Liability of officers, directors


10 ME Rev Stat § 922 (2012 through 125th Legis) What's This?

Part 2: BUILDING AND DEVELOPMENT

§922. Liability of officers, directors

All officers, directors, employees and other agents of the foundation entrusted with the custody of the securities of or authorized to disburse the funds of the foundation shall 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 thereby, conditioned upon the faithful performance of their duties, the premiums for which shall be paid out of the assets of the foundation. [1977, c. 548, §1 (NEW).]

SECTION HISTORY

1977, c. 548, §1 (NEW).

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