Minnesota § 415.18 - CITY UNIT MAY PAY FOR PERFORMANCE BONDS
Full text of Minnesota Minnesota Statutes § 415.18 — CITY UNIT MAY PAY FOR PERFORMANCE BONDS, with citation guidance and answers to common questions.
§ 415.18. CITY UNIT MAY PAY FOR PERFORMANCE BONDS
Subdivision 1.If bond required.
When an officer or employee of any statutory or home rule charter city is required to furnish a fidelity or faithful performance bond, the governing body of the city, or the board or commission to whom the officer or employee is responsible, may provide for the payment of the premium on the bond from city funds.
Subd. 1a.Blanket position bond; conditions.
In lieu of individual bonds, the governing body, board or commission may provide for blanket position bonds furnished by a surety company to cover any officer or employee required to furnish a bond if all of the obligations required by law, charter, or ordinance to be assumed by the principal and the principal's sureties by an individual bond are included in the blanket position bond.
Subd. 2.Adds to, prevails over other law.
This section is supplementary to other statutory and charter provisions and supersedes such provisions only to the extent that they restrict or prohibit action authorized by this section.
History:
1959 c 198 s 1; 1984 c 384 s 2; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 415.18
What does Minnesota Statutes § 415.18 cover?
Section 415.18 ("CITY UNIT MAY PAY FOR PERFORMANCE BONDS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 415.18?
A common citation format is "Minnesota Statutes § 415.18" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 415.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.