Pennsylvania Statutes

§ 1127 — Bonds or blanket bond as security coverage

Pennsylvania·Title 16 COUNTIES·Part PART I·Ch. 11 GENERAL PROVISIONS·Subch. REQUIRED FISCAL SECURITY FOR OFFICERS AND EMPLOYEES
(a)In general.--A county may comply with section 1123(b) (relating to required security) by providing bonds or a blanket bond in accordance with the following:
(1)The bond or blanket bond shall be joint and several, with one or more surety companies authorized to do business in this Commonwealth and licensed by the Insurance Commissioner.
(2)The bond or blanket bond shall be conditioned upon each of the following:
(i)The faithful performance of all duties required of the person holding the office or position.
(ii)The just and faithful use, accounting or payment over, according to law, of all moneys and balances and other property, which are received or held by the officer or employee by virtue of the officer's or employee's office or employment whether on behalf of the county, the

Free access — add to your briefcase to read the full text and ask questions with AI

Pennsylvania § 1127 (Bonds or blanket bond as security coverage) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

13
View on official source ↗