§ 406
69 words·~1 min read·
/ca/labor-code/406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any property put up by an employee, or applicant as a part of the contract of employment, directly or indirectly, shall be deemed to be put up as a bond and is subject to the provisions of this article whether the property is put up on a note or as a loan or an investment and regardless of the wording of the agreement under which it is put up.