A local newspaper, The Independent Voice of Blythewood & Fairfield County, published an article on July 18 about a recently-appointed Fairfield County magistrate, whose bond application was denied by that county's bond insurer due to the new magistrate's credit.
That new magistrate quickly secured a bond independently and provided it to the county.
This caused me to wonder whether school board members must be bonded. I'm rather sure that they must, because their fiduciary responsibility is high.
If a school board trustee has credit problems that include foreclosure action and an unsatisfied judgment in a significant amount, would that cause a bonding company to cancel any bond that had been issued?
It's the School District that should require Trustees to be bonded.
Of course, if the person to be bonded is not actually a legal trustee, that will present its own problem for the bonding company.
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