23 CAR § 331-107
23 CAR § 331-107. Fidelity bonds
Length: 82 wordsOfficial source
(a) Associations with money on hand will be required to have a bond with an approved corporate surety on the secretary/treasurer and any other person or persons whose authorized signature is on the association’s accounts.
(b) Bonds must be made in favor of the association, in the amount of the surplus of the association, less the moneys invested, as authorized by Arkansas Code § 23-78-101 et seq.
(c) However, the bond shall not be less than two thousand five hundred dollars ($2,500).