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.
Cal. Lab. Code § 406
Bonds and Photographs
Applied in 2 court decisions — leading case People v. Pond (1955)
Most recently applied in Lusby v. Gamestop Inc. (March 2013)
Enacted by Stats. 1937, Ch. 90.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.