§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. [PL 1977, c. 548, §1 (NEW).]
SECTION HISTORY
PL 1977, c. 548, §1 (NEW).
Structure Maine Revised Statutes
Part 2: BUILDING AND DEVELOPMENT
Chapter 107: MAINE DEVELOPMENT FOUNDATION; MAINE ECONOMIC GROWTH COUNCIL
10 §915. Legislative findings and intent
10 §919. Board of directors; officers
10 §922. Liability of officers, directors
10 §923. Prohibited interests of officers, directors and employees
10 §924. Donations to the State
10 §926. General conditions; dissolution
10 §929-A. Maine Economic Growth Council
10 §929-C. Research and development budgetary recommendations