46A-7A-38.   Oath of directors--Official bond. Before assuming the duties of the office, any director or officer shall take and subscribe an official oath. The district treasurer shall execute an official bond, approved by the board of directors, in the sum of not less than one thousand dollars, plus such additional amounts as determined by the board. Any official bond shall be in the form prescribed by law for official bonds of county officers. However, the obligee named in the bond shall be the district, and if approved surety company bonds are furnished, the cost of the bonds shall be paid by the district.

Source: SL 1985, ch 360, § 38; SL 1989, ch 82, § 38; SL 2011, ch 165, § 449.

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