1999 Minnesota Code
Chapters 570 - 583 Compensatory and Collection Remedies
Chapter 574 Bonds, Fines, Forfeitures
Section 574.03 Payment of premium.
574.03 Payment of premium.
The premiums upon the bonds of all state officers and the premiums on all fidelity insurance placed under the provisions of this section and section 574.02 shall be paid out of the appropriation for the maintenance of the department for which such bond or insurance is required and such fidelity insurance, when placed in lieu of individual bond, shall be deemed full compliance with any provision of law requiring any such official or employee to give bond to the state for the faithful discharge of duty. If schedule or position insurance is provided covering the personnel of any department or agency all individual fidelity bonds covering such officers or employees theretofore bonded shall be canceled and a proportionate part of the premiums paid therefor refunded.
HIST: (9677-2) 1929 c 263 s 2; 1931 c 233 s 2
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