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O.C.G.A. § 7-1-488 <-- --> O.C.G.A. §7-1-490

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 2 - BANKS AND TRUST COMPANIES
PART 12 - MANAGEMENT
§ 7-1-489 - Bonds

O.C.G.A. 7-1-489 (2010)
7-1-489. Bonds


Any director who is authorized to handle money or negotiable assets on behalf of a bank or trust company and all officers and employees of a bank or trust company shall be bonded by a regularly incorporated surety company authorized to do business in this state, and the bank or trust company may pay the cost of such bonds. The form, amount, and surety of such bonds shall be such as are approved by the board of directors; but the department may require an additional amount or new or additional surety.