Maine § 22 §3887 Liability of officers, directors and employees

Maine Statutes

§ 22 §3887 — Liability of officers, directors and employees

Maine § 22 §3887

Title 22HEALTH AND WELFARE

Part 3CHILDREN

Ch. 1058MAINE CHILDREN'S TRUST INCORPORATED

This text of Maine § 22 §3887 (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. 22, § 22 §3887 (2026).

Text

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

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