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Section 22259 Of Chapter 4. Fiduciary Duties From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 4.
22259
. (a) All board members and officers and employees of the
system shall execute a fidelity bond, in an amount determined by the
board to be prudent, conditioned upon the faithful performance of the
duties of the board member or employee.
(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.
(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.
