Financial Code - FIN
DIVISION 2. SAVINGS ASSOCIATION LAW [5000 - 10009]
( Division 2 repealed and added by Stats. 1983, Ch. 1091, Sec. 2. ) CHAPTER 3. Corporate Administration [6000 - 6477]
( Chapter 3 added by Stats. 1983, Ch. 1091, Sec. 2. ) ARTICLE 5. Indemnity Bonds [6200 - 6204]
( Article 5 added by Stats. 1983, Ch. 1091, Sec. 2. ) 6203.
(a) The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.
(b) In lieu of individual bonds, a blanket bond, protecting the association from loss through any act or acts of any director, officer, employee or agent, may be obtained.
(c) A true copy of every indemnity bond shall be on file at all times at the association’s home office.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)