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

Statutory Authority: Code of Ala. 1975, §§2-3-4, 2-10-23.

History: Filed April 19, 1982.