TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-8
Consumers' Cooperatives

SECTION 7-8-29


§ 7-8-29 Bonding of officers and employees.

Every individual acting as officer or employee of an association, and handling funds or securities amounting to one thousand dollars ($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.

History of Section.
(P.L. 1947, ch. 1976, § 25; G.L. 1956, § 7-8-29.)