Compensation and Bonding.

Checkout our iOS App for a better way to browser and research.

Section 45-49A-63.126

Compensation and bonding.

No board member shall receive any compensation from the plan for his or her services as such; however, board members may be reimbursed for any actual expenses they incur on board business. No bond or other security shall be required of any board member in that capacity.

(Act 97-689, p. 1379, § 8(7.07).)


Download our app to see the most-to-date content.