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Indiana Code Title 12. Human Services § 12-11-14-15

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 15. Before the adoption and implementation of a qualified ABLE program:

(1) the chairperson;

(2) the vice chairperson;

(3) the manager;  and

(4) any officer elected by the authority or member of the authority authorized by resolution to handle funds or sign checks;

shall execute a surety bond in the penal sum of one hundred thousand dollars ($100,000).  The surety bond shall be conditioned upon the faithful performance of the duties of the office of the principal and shall be executed by a surety company authorized to transact business in Indiana.  The authority shall pay the cost of the bonds.

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Cite this article: FindLaw.com - Indiana Code Title 12. Human Services § 12-11-14-15 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-12-human-services/in-code-sect-12-11-14-15/

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