Indiana Code 16-22-8-53. Surety bond of officers and employees
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Terms Used In Indiana Code 16-22-8-53
- board: refers to the board of a municipal corporation created under this chapter. See Indiana Code 16-22-8-2.1
- 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.
Sec. 53. The board may require a bond on any of the officers or employees of the corporation in the amount and with the terms and conditions and surety approved by the board.
[Pre-1993 Recodification Citation: 16-12-21-48.]
As added by P.L.2-1993, SEC.5.