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California Code, Education Code - EDC § 22259

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

(a) All board members and officers and employees of the system shall execute a fidelity bond, in an amount determined by the board to be prudent, conditioned upon the faithful performance of the duties of the board member or employee.

(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.

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Cite this article: FindLaw.com - California Code, Education Code - EDC § 22259 - last updated January 01, 2025 | https://codes.findlaw.com/ca/education-code/edc-sect-22259/

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