If required by the association's bylaws, every officer, employee, and agent handling funds, negotiable instruments, or other property of or for an association shall execute and deliver adequate bonds for the faithful performance of the officer's, employee's, or agent's duties and obligations.
Ohio Rev. Code Ann. § 1729.27
Surety bonds
Known as the Ohio Cooperative Law
The act spans §§ 1729–1729 (53 sections).
Effective: August 5, 1998; Latest Legislation: House Bill 600 - 122nd General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.