District of Columbia Statutes

§ 29-932 — Bonding of officers and employees.

District of Columbia·Title 29 Business Organizations. [Enacted title]·Ch. 9 General Cooperative Associations.
Every individual acting as officer or employee of an association and handling funds or securities amounting to $1,000 or more, in any one year, shall be covered by an adequate bond, as determined by the board of directors and at the expense of the association. The bylaws may also provide for the bonding of other employees or officers.

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Related

M.A.S., Inc. v. Van Curler Broadcasting Corp.
357 F. Supp. 686 (District of Columbia, 1973)
9 case citations

Legislative History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

Nearby Sections

15
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