§ 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.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-8 - Consumers’ Cooperatives
Section 7-8-3. - Authorized purposes.
Section 7-8-4. - Application of general corporation law.
Section 7-8-5. - Federation and cooperation between associations.
Section 7-8-6. - Contents of articles of association.
Section 7-8-7. - Name of association.
Section 7-8-8. - Fee payable to secretary of state by nonstock corporation.
Section 7-8-9. - Amendment of articles.
Section 7-8-10. - Contents of bylaws.
Section 7-8-11. - Meetings of members.
Section 7-8-12. - Voting rights.
Section 7-8-13. - Proxy and mail votes.
Section 7-8-14. - Mail voting included in statutory provisions.
Section 7-8-15. - Apportionment of directors among units.
Section 7-8-16. - Restriction on dividends.
Section 7-8-17. - Membership of organizations — Payment of capital as prerequisite to membership.
Section 7-8-18. - Share and membership certificates.
Section 7-8-19. - Application of corporation and franchise taxes to associations without stock.
Section 7-8-20. - Association’s preemptive right to repurchase shares.
Section 7-8-21. - Transfer of holdings.
Section 7-8-22. - Recall of shares.
Section 7-8-23. - Impairment of solvency prohibited.
Section 7-8-24. - Expulsion of members.
Section 7-8-25. - Exemption of holdings from attachment.
Section 7-8-26. - Apportionment of net savings.
Section 7-8-27. - Contents of annual report.
Section 7-8-28. - Distribution of assets on dissolution.
Section 7-8-29. - Bonding of officers and employees.
Section 7-8-30. - Annual audit of books.
Section 7-8-31. - Exemption from securities law.
Section 7-8-32. - Acceptance of chapter by cooperatives formed under other law.
Section 7-8-33. - Use of word “cooperative”.