§ 612.2302. Notification of board of directors and bonding company.
62 words·~1 min read·
/us/cfr/t12/s§ 612.2302·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The institution's board of directors shall be promptly notified of any criminal referral by the institution, except that if the criminal referral involves a member of the board of directors, discretion may be exercised in notifying such member of the referral.
(b)The institution involved shall promptly make all required notifications under any applicable surety bond or other contract for protection.