Marginal note:Security required of trustees
14 Every trustee of a trust established for the purposes of this Act other than a trust company shall, before moneys are paid into a trust referred to in section 10 or 11, and at any other time when the council so requests, provide to the council of the first nation
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(a) evidence of bonding, insurance or other form of security, in an amount equal to the amount held in the trust, for the recovery of any loss occasioned by theft or by breach of the conditions of the trust; and
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(b) evidence that the trustee fulfils the requirements of provincial law, if any, as to the minimum financial worth of trustees generally.
