California Law (Last Updated: March 4, 2014) |
Vehicle Code - VEH |
Division 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS |
Chapter 3.5. Lessor-Retailers |
Section 11612.
Latest version.
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(a) Before any lessor-retailer license shall be issued or renewed by the department to any applicant therefor, the applicant shall procure and file with the department a bond meeting the same requirements as specified for a vehicle dealer's license in Sections 11710 and 11710.2.
(b) Any cause of action or claim specified in Section 11711 against a vehicle dealer's bond shall also be a cause of action or claim against a lessor-retailer's bond.
(Amended by Stats. 1982, Ch. 517, Sec. 395.)