Maine § 20-A §6907 Liability of officers, directors and employees

Maine Statutes

§ 20-A §6907 — Liability of officers, directors and employees

Maine § 20-A §6907

Title 20-AEDUCATION

Part 3ELEMENTARY AND SECONDARY EDUCATION

Ch. 226JOBS FOR MAINE'S GRADUATES

This text of Maine § 20-A §6907 (Liability of officers, directors and employees) 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. 20-A, § 20-A §6907 (2026).

Text

All officers, directors, employees and other agents of the corporation entrusted with the custody of the securities of the corporation or authorized to disburse the funds of the corporation must 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, conditioned upon the faithful performance of duties, the premiums for which are paid out of the assets of the corporation.

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All officers, directors, employees and other agents of the corporation entrusted with the custody of the securities of the corporation or authorized to disburse the funds of the corporation must 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, conditioned upon the faithful performance of duties, the premiums for which are paid out of the assets of the corporation.