Any director who is authorized to handle money or negotiable assets on behalf of a bank or trust company and all officers and employees of a bank or trust company shall be bonded by a regularly incorporated surety company authorized to do business in this state, and the bank or trust company may pay the cost of such fidelity bonds. The form, amount, and surety of such fidelity bonds shall be such as are approved by the board of directors; but the department may require an additional amount or new or additional surety.
History. Ga. L. 1919, p. 135, art. 19, § 10; Ga. L. 1920, p. 102, § 1; Ga. L. 1922, p. 63, § 1; Code 1933, § 13-2010; Code 1933, § 41A-2210, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2015, p. 344, § 10/HB 184.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
§ 7-1-481. Adopting, Amending, and Repealing Bylaws
§ 7-1-483. Meetings of Board; Quorum; Committees; Acting Without Meeting
§ 7-1-484. Oath of Directors; Liability of Persons Who Have Not Subscribed to Such Oath
§ 7-1-485. Removal of Directors; Vacancies
§ 7-1-486. Honorary and Advisory Positions
§ 7-1-487. Audits and Financial Reports
§ 7-1-488. Officers, Agents, and Employees; Employee Share Plans
§ 7-1-490. Responsibility of Directors and Officers; Delegation of Investment Decisions
§ 7-1-491. Financing Involving Directors or Officers
§ 7-1-492. Prohibitions Applicable to Directors, Officers, and Employees