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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 1. (1) Each officer or employee of a county that is required by statute to furnish a bond conditioned on the officer's or employee's honesty or faithful discharge of the officer's or employee's duties shall be covered by a blanket bond by a surety company approved by the county board of commissioners or by an individual bond by a surety company approved by the county board of commissioners for the officer or employee.
(2) The county board of commissioners shall determine whether a single bond for all officers and employees or individual bonds for all officers or employees or a combination of a blanket bond and individual bonds best serves the county.
(3) In determining adequate coverage, the county board of commissioners may obtain bond coverage with provisions relative to problems of a unique nature, including loss deductible or coinsurance provisions.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 45. Counties § 45.381 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-45-counties/mi-comp-laws-45-381/
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