# Companies Clauses Consolidation Act 1845, Section 109: Security to be taken from officers intrusted with money.


Before any person intrusted with the custody or control of monies, whether treasurer, collector, or other officer of the company, shall enter upon his office, the directors shall take sufficient security from him for the faithful execution of his office.

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Source: https://www.legislation.gov.uk/ukpga/Vict/8-9/16/section/109 (the official version)
Page: https://openlegislation.uk/companies-clauses-consolidation-act-1845/section-109
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.