Form DAG009-008 "Uniform Professional Fund Raiser Surety Bond" - Michigan

What Is Form DAG009-008?

This is a legal form that was released by the Michigan Department of Attorney General - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2001;
  • The latest edition provided by the Michigan Department of Attorney General;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form DAG009-008 by clicking the link below or browse more documents and templates provided by the Michigan Department of Attorney General.

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Download Form DAG009-008 "Uniform Professional Fund Raiser Surety Bond" - Michigan

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DAG 009-008
AUTHORITY: 1975 PA 169
COMPLIANCE: Required
PENALTY: Civil/Criminal
BOND #
STATE OF MICHIGAN
DEPARTMENT OF ATTORNEY GENERAL
Uniform Professional Fund Raiser Surety Bond
KNOW ALL MEN BY THESE PRESENTS, that
Name of Professional Fund Raiser
of
Address
as principal, and
Name of Surety
a surety company licensed to do business in the State of Michigan, as surety, are held and firmly
bound unto the people of the State of Michigan, any charitable organization or other person who may
have a cause of action against the principal for any malfeasance or misfeasance in the conduct of
solicitations in the total penal sum of ten thousand dollars ($10,000.00) lawful money of the United
States, for which sum will and truly be paid, said principal and surety bind themselves, their heirs,
executors, administrators, successors and assigns, jointly and severally, and each of them firmly by
these presents.
WHEREAS, the above-named principal is a professional fund raiser per the definition of the
term in Act 169 of the Public Acts of 1975, and,
WHEREAS, the above-named principal is required by section 17 of Act 169 of the Public Acts of
1975 to post a surety bond,
NOW, THEREFORE, the condition of this obligation is such that if the above-named principal
shall not engage in or be found guilty of any malfeasance or misfeasance in the conduct of a solicitation
then this obligation as to him shall be null and void, otherwise, it shall remain in full force and effect.
DAG 009-008
AUTHORITY: 1975 PA 169
COMPLIANCE: Required
PENALTY: Civil/Criminal
BOND #
STATE OF MICHIGAN
DEPARTMENT OF ATTORNEY GENERAL
Uniform Professional Fund Raiser Surety Bond
KNOW ALL MEN BY THESE PRESENTS, that
Name of Professional Fund Raiser
of
Address
as principal, and
Name of Surety
a surety company licensed to do business in the State of Michigan, as surety, are held and firmly
bound unto the people of the State of Michigan, any charitable organization or other person who may
have a cause of action against the principal for any malfeasance or misfeasance in the conduct of
solicitations in the total penal sum of ten thousand dollars ($10,000.00) lawful money of the United
States, for which sum will and truly be paid, said principal and surety bind themselves, their heirs,
executors, administrators, successors and assigns, jointly and severally, and each of them firmly by
these presents.
WHEREAS, the above-named principal is a professional fund raiser per the definition of the
term in Act 169 of the Public Acts of 1975, and,
WHEREAS, the above-named principal is required by section 17 of Act 169 of the Public Acts of
1975 to post a surety bond,
NOW, THEREFORE, the condition of this obligation is such that if the above-named principal
shall not engage in or be found guilty of any malfeasance or misfeasance in the conduct of a solicitation
then this obligation as to him shall be null and void, otherwise, it shall remain in full force and effect.
Provided, however, that the surety shall be required to make reimbursement only after a final decision
of the Attorney General or final judgment has been rendered in the district, common pleas, circuit or
municipal court.
This bond is executed and accepted subject to the following conditions:
(1)
Coverage is provided herein and extended without notification to the surety for any
change of officers, if the principal is a corporation.
(2)
No change in the business name of the principal is permitted unless such name change
is filed with the Attorney General.
(3)
The aggregate liability of the surety for all judgments or final decisions under the bond
shall, in no event, exceed the sum of the bond.
(4)
The principal shall annually file with the Attorney General a statement pursuant to Act
169 of the Public Acts of 1975 relating to past and current contracts for solicitations.
(5)
The books and records of a principal upon the bond shall be open to the inspection
during reasonable business hours to the surety and the Attorney General.
(6)
Where the principal employs professional solicitors, liability on the bond shall extend to
the malfeasance or misfeasance of such solicitors
(7)
Coverage hereunder shall be effective as of 12:01 a.m. on
and shall continue in full force and effect until cancelled by surety or principal. Cancellation of this bond
may be made by either surety or principal giving 90 days’ notice in writing by certified mail to the other
party and the Charitable Trust Section, Department of Attorney General, Lansing, Michigan, and,
therefore, both principal and surety shall be released from liability for any breach of condition or terms
of this bond occurring after the effective date of said cancellation.
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Signed, sealed and dated this
day of
, A.D.,
PRINCIPAL (Professional Fund Raiser)
(Printed)
Corporate name; if unincorporated,
individual name, enter above
Witness
By:
Authorized Representative’s Signature
(Title)
SURETY (Insurance Company)
(Printed)
By:
Witness
(Signed)
(Title)
Mailing Address of Surety:
National Headquarters:
Local Office or Agent:
NOTE: All professional fund raiser licenses expire on June 30 of each year.
Continuation Certificate from the Surety must be submitted with each renewal application
and must assure continuance of current bond through June 30 of new license year.
A POWER OF ATTORNEY form, provided by and properly signed by the Surety, including
the current date, must be attached to this bond.
Questions in regard to this bond or notice of cancellation, in accordance with No. 7, should
be directed to:
Department of Attorney General
Charitable Trust Section
PO Box 30214
Lansing, MI 48909
Phone: (517) 335-7571
www.michigan.gov/ag
Rev 8/01
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