There Is a Newer Version
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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 22: HEALTH AND WELFARE
Chapter 1058: MAINE CHILDREN'S TRUST INCORPORATED
22 §3887. Liability of officers, directors and employees
Universal Citation:
22 ME Rev Stat § 3887 (2012 through 125th Legis)
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Subtitle 3: INCOME SUPPLEMENTATION HEADING: PL 1973, C. 790, §1 (AMD)
Part 3: CHILDREN
§3887. Liability of officers, directors and employees
Officers, directors, employees and other agents of the board entrusted with the custody of the securities of the fund or authorized to disburse the money of the fund must be bonded, either by a blanket bond or individual bonds, with a surety bond or bonds with a minimum limitation of $100,000 coverage for each person covered by the bond, conditioned upon the faithful performance of their duties, the premiums for which must be paid out of the assets of the fund. [1993, c. 600, Pt. A, §16 (NEW).]
SECTION HISTORY
1993, c. 600, §A16 (NEW).
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