The bond shall be approved by the commissioner. The bond shall run to the state for the use of the state and of any person who has a cause of action against the principal under the provisions of this division.
Cal. Fin. Code § 12207
Licensing
Applied in 1 court decision — leading case 157 Cal. App. 4th 1195 - Schweitzer v. Westminster Investment Inc. (2007)
Most recently applied in 157 Cal. App. 4th 1195 - Schweitzer v. Westminster Investment Inc. (December 2007)
Amended by Stats. 1982, Ch. 517, Sec. 212.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.