§ 33-19-5 - Bond of treasurer or other officer or employee handling funds; deposit of funds collected from members - Georgia Statutes

O.C.G.A. 33-19-5 (2010)
33-19-5. Bond of treasurer or other officer or employee handling funds; deposit of funds collected from members

(a) The treasurer of the corporation and other officers and employees who handle its funds shall be required to give a fidelity bond with corporate surety in such sum as may be determined by the officers of the corporation for the faithful handling of the funds of the corporation.

(b) All funds collected from members or subscribers of the corporation shall be deposited to the account of the corporation in a bank which is a state depository.