D.C. Code § 29-932

Current through codified legislation effective October 30, 2024
Section 29-932 - Bonding of officers and employees

Every individual acting as officer or employee of an association and handling funds or securities amounting to $1,000 or more, in any one year, shall be covered by an adequate bond, as determined by the board of directors and at the expense of the association. The bylaws may also provide for the bonding of other employees or officers.

D.C. Code § 29-932

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.