California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS |
Title 2.6. CONTRACTS FOR DISCOUNT BUYING SERVICES |
Section 1812.103.
Latest version.
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Every discount buying organization shall maintain a bond issued by a surety company admitted to do business in this state. The principal sum of the bond shall be twenty thousand dollars ($20,000). A copy of such bond shall be filed with the Secretary of State.
(Amended by Stats. 1996, Ch. 633, Sec. 8. Effective January 1, 1997.)