Surety Bond Required to Receive or Disburse Funds.

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  5. Surety Bond Required to Receive or Disburse Funds.

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11-50-108. Surety bond required to receive or disburse funds.

Any person authorized by the commission to receive or disburse funds, as provided by this act, shall post with the commission a surety bond in an amount the commission determines sufficient, for which the cost or premium shall be paid by the commission.


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