Montana Statutes
§ 19-18-202 — Treasurer's Bond
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 18 FIREFIGHTERS' RETIREMENT·Part 2 Management and Protection of Fund
19-18-202 . Treasurer's bond. The treasurer of an association may not enter upon the duties of office until the treasurer has given the association a sufficient bond of not less than 50% of the amount of the cash funds and securities of the association for the faithful performance of the treasurer's duties according to law. The amount of the bond must be approved by the association and may not exceed $25,000. The bond must be paid for by the association. If the city or town treasurer has been elected ex officio treasurer of the association, the official bond will cover the faithful discharge of duties as the treasurer of the association.
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Legislative History
En. Sec. 6, Ch. 129, L. 1911; re-en. Sec. 5130, R.C.M. 1921; amd. Sec. 12, Ch. 58, L. 1927; amd. Sec. 1, Ch. 137, L. 1929; amd. Sec. 2, Ch. 30, L. 1933; re-en. Sec. 5130, R.C.M. 1935; amd. Sec. 1, Ch. 39, L. 1949; amd. Sec. 1, Ch. 67, L. 1953; amd. Sec. 54, Ch. 348, L. 1974; amd. Sec. 18, Ch. 213, L. 1975; amd. Sec. 8, Ch. 157, L. 1977; R.C.M. 1947, 11-1923(2); Sec. 19-11-202 , MCA 1991; redes. 19-18-202 by Code Commissioner, 1993; amd. Sec. 237, Ch. 56, L. 2009.
Nearby Sections
15
§ 19-18-101
Definitions§ 19-18-103
Officers Of Association§ 19-18-104
Board Of Trustees Of Association§ 19-18-105
Establishment Of Disability And Pension Fund§ 19-18-201
Management Of Fund§ 19-18-202
Treasurer's Bond§ 19-18-203
Use Of Disability And Pension Fund§ 19-18-204
Review And Report By Board Of Trustees§ 19-18-207
Theft From Funds