§922. Liability of officers, directors






All officers, directors, employees and other agents of the foundation entrusted with
the custody of the securities of or authorized to disburse the funds of the foundation
shall be bonded, either by a blanket bond or by individual bonds, with a surety bond
or bonds with a minimum limitation of $100,000 coverage for each person covered thereby,
conditioned upon the faithful performance of their duties, the premiums for which
shall be paid out of the assets of the foundation. [1977, c. 548, §1 (NEW).]





SECTION HISTORY

1977, c. 548, §1 (NEW).