17-5315.   Indemnity bonds; required of directors, officers, employees,and agents.All directors, officers and employees of an association having controlof or access to moneys or securites of such association shall, beforeentering upon the performance of any of their duties, execute theirindividual or blanket bonds with adequate corporate surety authorized to dobusiness in this state payable to the association as an indemnity for anypecuniary loss the association may sustain of money or other property by orthrough any fraud, dishonesty, forgery or alteration, larceny, theft,embezzlement, robbery, burglary, holdup, wrongful or unlawful abstraction,misapplication, misplacement, destruction or misappropriation, or any otherdishonest or criminal act or omission, by any such director, officer,employee or agent.

      History:   L. 1943, ch. 133, § 44; July 1.