§ 12599.5
107 words·~1 min read·
/ca/government-code/12599-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each application for registration or renewal of registration under subdivision
(b)of Section 12599 shall be accompanied by a cash deposit or by a bond issued by an admitted surety in favor of the State of California and in a form acceptable to the Attorney General. The cash deposit or bond shall be in the amount of twenty-five thousand dollars ($25,000) and shall be for the benefit of any person damaged as a result of malfeasance or misfeasance in the conduct of the activities specified in subdivision
(a)of Section 12599. The bond may be in the form of a rider to a larger blanket liability bond.