N.Y. Cooperative Corporations Law 65 – Officers and employees to be bonded
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§ 65. Officers and employees to be bonded. Before handling funds or securities of the corporation, amounting to one thousand dollars or more in any one year, the officer or employee shall be covered by an adequate bond to be approved by the board of directors.
Terms Used In N.Y. Cooperative Corporations Law 65
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.