Surety Bond Blog

On 01/16/2008, a new law concerning charitable organizations and the former bond requirement set in the state of Hawaii. The new law titled SB 3171 sanctions the Attorney General to require the electronic filing and electronic signatures of the surety bond demanded of professional solicitors of a charitable trust. SB 3171 eradicated the surety bond requirement professional fundraisers must follow at a charitable trust so that only the professional solicitors will have to obtain a bond. The new bill became active on July 1, 2008.