§ 7-8-29 - Bonding of officers and employees. - Rhode Island Statutes

SECTION 7-8-29

   § 7-8-29  Bonding of officers andemployees. – Every individual acting as officer or employee of an association, and handlingfunds or securities amounting to one thousand dollars ($1,000) or more in anyone year, shall be covered by an adequate bond as determined by the board ofdirectors, and at the expense of the association.