R.I. Gen. Laws § 5-75-6
This is the official text of R.I. Gen. Laws § 5-75-6, part of Rhode Island’s Gen. Laws — part of the compiled statutory law of Rhode Island, published by the state as "Gen. Laws." Browse the sections below, each linked to its official government source.
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§ 5-75-6. Financial capability Net worth and bonding.
Official statutory text
Each PEO shall maintain a bond or securities with a minimum market value of fifty thousand dollars ($50,000) held by a depository designated by the department securing payment by the PEO of all taxes, wages, benefits, or other entitlement due to, or with respect to, covered employees if the PEO does not make such payments when due. A PEO registered under this chapter and certified by the division of taxation for at least two (2) years shall be exempt from the bonding requirements of this section.
Status: in_force · Read it on the official government site
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