§ 8697.2
66 words·~1 min read·
/ca/business-and-professions-code/8697-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds required by this article shall be in favor of the State of California for the benefit of any person who, after entering into a contract with a registered company, is damaged by fraud or dishonesty of the registered company in the performance of the contract, or any person who is damaged as a result of a violation of this chapter by the registered company.