North Dakota Code 23-24-07 – Bonds of officers and employees
Current as of: 2023 | Check for updates
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The treasurer of the district must be bonded in such amount as is required by the board of commissioners but such bond may not be less than one thousand dollars. Other district employees must be bonded in such amount as the board may prescribe. Every officer or employee of whom a bond is required must be deemed bonded with the state bonding fund upon notice of the person‘s appointment given to the state insurance commissioner by the secretary of the district. Upon notification of the state bonding fund of the premium required, the treasurer shall remit the same.
Terms Used In North Dakota Code 23-24-07
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49