2011 Missouri Revised Statutes
TITLE XI EDUCATION AND LIBRARIES
Chapter 173 Department of Higher Education
Section 173.375. Bond requirements for members of authority--filed where.
Bond requirements for members of authority--filed where.
173.375. Each member of the authority shall execute a surety bond in the penal sum of fifty thousand dollars or, in lieu thereof, the chairman of the authority shall execute a blanket bond covering each member and the employees or other officers of the authority, each surety bond to be conditioned upon the faithful performance of the duties of the office or offices covered, to be executed by a surety company authorized to transact business in this state as surety, and to be approved by the attorney general and filed in the office of the secretary of state. The cost of each such bond shall be paid by the authority.
(L. 1981 H.B. 326)
Annotation Copyright Missouri Joint Committee on Legislative Research
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