California Financial Code

§ 14317

FIN § 14317 Effective Sep 20, 2002Div. 5 · Ch. 3 · Art. 3

Statute text

If required by the commissioner, the liquidating agent or the members of the liquidating committee appointed under this article shall provide proof of bond coverage extending to the liquidating agent or members of the liquidating committee. The bond shall include coverage for fraud, dishonesty, and faithful performance. The premium for that bond shall be paid out of the assets of the credit union.

Legislative history

Added by Stats. 2002, Ch. 734, Sec. 39. Effective September 20, 2002.