35-A §10108. Liability - Maine Statutes

Title 35-A: PUBLIC UTILITIES HEADING: PL 1987, C. 141, PT. A, §6 (NEW)

Part 8: ENERGY EFFICIENCY HEADING: PL 2003, C. 644, §9 (NEW)

Chapter 97: EFFICIENCY MAINE TRUST ACT

§10108. Liability

All officers, directors, employees and other agents of the trust entrusted with the custody of funds of the trust or authorized to disburse the funds of the trust must be bonded either by a blanket bond or by individual bonds with a minimum limitation of $100,000 coverage for each person covered by the bond or bonds, or equivalent fiduciary liability insurance, conditioned upon the faithful performance of their duties. The premiums for the bond or bonds must be paid out of the assets of the trust. [2009, c. 372, Pt. B, §3 (NEW).]

SECTION HISTORY

2009, c. 372, Pt. B, §3 (NEW).