The purpose of this regulation is to set out the minimum amount of bond required under Code of Ala. 1975, § 2-10-23, for persons handling or controlling money or property of associations as defined under § 2-10-20 above.
Author: Charles H. Barnes
Ala. Admin. Code r. 80-8-3-.01
Statutory Authority:Code of Ala. 1975, §§ 2-3-4, 2-10-23.