2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 360 - Missouri Health and Educational Facilities Act
Section 360.035 Bond required, amount of.
Effective 28 Aug 1975
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360360.035. Bond required, amount of. — 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.
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(L. 1975 H.B. 70 § 5)