Sentences with phrase «sufficient fidelity bond»

Does the Qualified Intermediary («Accommodator» or «Facilitator») maintain sufficient fidelity bond coverage to insure against employee theft or embezzlement of the 1031 Exchange funds?

Not exact matches

115 Where a person is required to give security in respect of a proceeding in a court, a bond of an insurer licensed under the Insurance Act to write surety and fidelity insurance is sufficient, unless the court orders otherwise.
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