§9018.  Bond; letters of credit or other surety

Whenever a bond is required for the protection of the corporation, letters of credit or other surety approved by the corporation may be utilized in lieu of a bond.  All bonds or letters of credit shall be reviewed at least annually as to their solvency and sufficiency.  

Acts 1990, No. 1045, §1, eff. Nov. 7, 1990.