There is a newer version of the New York Consolidated Laws
2012 New York Consolidated Laws
CCO - Cooperative Corporations
Article 4 - (60 - 65) DIRECTORS, OFFICERS AND EMPLOYEES
65 - Officers and employees to be bonded.
NY Coop Corp L § 65 (2012) What's This?
§ 65. Officers and employees to be bonded. Before handling funds or securities of the corporation, amounting to one thousand dollars or more in any one year, the officer or employee shall be covered by an adequate bond to be approved by the board of directors.
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