Alabama Statutes
§ 2-8-96 — Bond of Treasurer of Association
Alabama·Title 2 Agriculture·Ch. 8 Promotion of Agricultural Industries and Products·Art. 3 Soybean Industry
Before any money is remitted by the Commissioner of Agriculture and Industries to the treasurer of an organization or association as authorized under the provisions of this article, the treasurer of said organization shall furnish the commissioner a bond approved by the commissioner in the amount of not less than the estimated annual total amount of the assessments handled by such officer. The surety on said bond shall be a corporate surety company duly qualified and licensed to do business in Alabama, and said bond shall be conditioned upon the faithful handling, proper accounting and properly authorized expenditure of all funds received and disbursed by the principal named in said bond.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 2-8-96 (Bond of Treasurer of Association) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1971, No. 227, p. 523, §17.)
Nearby Sections
15
§ 2-1-1
Definitions§ 2-1-11
Animal Identification Program§ 2-1-13
Agricultural Tourist Attractions§ 2-1-9
Penalty for Violation§ 2-10-100
Associations May Federate