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Department of Maine
VFW Accountable Officers Bond
This bond is written in consideration of the safeguards with Section 218, Manual of Procedure for the handling of funds. Section 218
provides that
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What is this bond?
This bond is a legally binding agreement that ensures obligations will be met or guarantees certain actions will be performed, usually involving financial responsibilities.
Who is required to file this bond?
Typically, the individual or entity that is seeking to guarantee compliance with specific legal or contractual obligations is required to file this bond.
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Filling out this bond usually involves providing accurate information about the principal, surety, and the obligee, along with the specifics of the obligations to be guaranteed.
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The purpose of this bond is to provide assurance that certain financial commitments will be fulfilled, protecting the interests of the obligee in case of default by the principal.
What information must be reported on this bond?
Information typically reported includes the names and addresses of the principal and surety, details of the obligations, bond amount, and terms of the agreement.
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