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Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-188. Bonds and insurance; coverage

Current as of January 01, 2025 | Updated by Findlaw Staff

The board of directors shall require protection and indemnity for the bank against defalcation, forgery, theft and other similar insurable losses, with corporate insurance or surety companies authorized to do business in this state. Coverage against defalcation shall include all active officers and employees of the bank whether or not they draw salary or compensation.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-188. Bonds and insurance; coverage - last updated January 01, 2025 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-188/

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