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Maine · Through October 1, 2025

20-A M.R.S. §6907: Liability of officers, directors and employees

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Where this section sits in the code
  1. TITLE 20-A: EDUCATION
  2. PART 3: ELEMENTARY AND SECONDARY EDUCATION
  3. CHAPTER 226: JOBS FOR MAINE'S GRADUATES

All officers, directors, employees and other agents of the corporation entrusted with the custody of the securities of the corporation or authorized to disburse the funds of the corporation must 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, conditioned upon the faithful performance of duties, the premiums for which are paid out of the assets of the corporation.

Collected 2026-09-04T15:12:30Z. Source file · JSON

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