§435E-14  Board of trustees, custodian. The board of trustees shall be the custodian of all funds of the interindemnityarrangement, and all such funds shall be deposited in such bank or banks andsavings and loan associations in Hawaii as the board designates, and each suchaccount shall require two or more signatories for withdrawal of funds.  Theauthorized signatories shall be appointed by the board and shall be limited tophysicians and surgeons and participating members in the interindemnity arrangement. Each signatory on such accounts shall maintain, at all times while empowered todraw on such funds, for the benefit of the interindemnity arrangement, a bondagainst loss suffered through embezzlement, mysterious disappearance, holdup,or burglary or other loss issued by a bonding company licensed to do businessin Hawaii in a penal sum of not less than $100,000. [L 1977, c 182, pt of §1]