1997 Minnesota Statutes

     176A.05 Manager. 

    Subdivision 1.    Appointment, qualifications.  The 
 board shall appoint a manager of the fund who shall be in charge 
 of the day-to-day operation of the fund.  The manager shall have 
 proven successful experience as an executive at the general 
 management level.  The manager shall receive compensation as set 
 by the board and shall serve at the pleasure of the board.  

    Subd. 2.    Bond.  Before entering on the duties of the 
 office, the manager shall qualify by giving an official bond in 
 an amount and with sureties approved by the board.  The manager 
 shall file the bond with the secretary of state.  The premium 
 for the bond shall be paid by the fund from the account 
 established in section 176A.07. 

    HIST: 1983 c 287 art 2 s 5