Minnesota Statutes 574.205 – Bonds; State Officials and Employees Excluded
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On and after July 1, 1971, and notwithstanding any law to the contrary, elected state officials, appointed state officers and other state employees are not required to give and file surety or fidelity bonds, except when federal law or rule requires such a bond as a condition precedent to receiving federal grants.
Terms Used In Minnesota Statutes 574.205
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44