1. Regulations
  2. title 29
  3. chapter XXV
  4. part 2580
  5. subpart B
  6. § 2580.412-7

View all text of Subpart B [§ 2580.412-7 - § 2580.412-10]

§ 2580.412-7 - Statutory provision—scope of the bond.

The statute requires that the bond shall provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of a plan administrator, officer, or employee, directly or through connivance with others.

AUTHORITY: Sec. 505, Pub. L. 93-406, 88 Stat. 894 (29 U.S.C. 1135); sec. 412(e), Pub. L. 93-406, 88 Stat. 889 (29 U.S.C. 1112).

SOURCE: 28 FR 14403, Dec. 27, 1963, unless otherwise noted. Redesignated at 50 FR 26706, June 28, 1985.

CITE AS: 29 CFR 2580.412-7