Maine § 10 §922 Liability of officers, directors

Maine Statutes

§ 10 §922 — Liability of officers, directors

Maine § 10 §922

Title 10COMMERCE AND TRADE

Part 2BUILDING AND DEVELOPMENT

Ch. 107MAINE DEVELOPMENT FOUNDATION; MAINE ECONOMIC GROWTH COUNCIL

This text of Maine § 10 §922 (Liability of officers, directors) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §922 (2026).

Text

All officers, directors, employees and other agents of the foundation entrusted with the custody of the securities of or authorized to disburse the funds of the foundation shall be bonded, either by a blanket bond or by individual bonds, with a surety bond or bonds with a minimum limitation of $100,000 coverage for each person covered thereby, conditioned upon the faithful performance of their duties, the premiums for which shall be paid out of the assets of the foundation.

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All officers, directors, employees and other agents of the foundation entrusted with the custody of the securities of or authorized to disburse the funds of the foundation shall be bonded, either by a blanket bond or by individual bonds, with a surety bond or bonds with a minimum limitation of $100,000 coverage for each person covered thereby, conditioned upon the faithful performance of their duties, the premiums for which shall be paid out of the assets of the foundation.