HRS §421C-27
Bonding for managers who handle money
If a manager of an association handles $5,000 or more in funds or securities in a year, the association must buy a bond to protect against loss. The bond amount is set by the directors. The bylaws can also require bonds for other employees or officers.
condominium associations
The statute, as written — Bonding
Any individual acting as manager of an association and handling funds or securities amounting to $5,000 or more, in any one year, shall be covered by an adequate bond as determined by the directors and at the expense of the association. The bylaws may also provide for the bonding of other employees or officers.
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