California Statutes
§ 12213. — 12213. (Enacted by Stats. 1951, Ch. 364.)
California·Code FIN Financial Code - FIN·Div. 3. DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS·Ch. 3. CHAPTER 3. Licensing
When an action is commenced on the bond of a licensee the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification that a bond is required, constitutes sufficient grounds for the suspension or revocation of a license.
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California § 12213. (12213. (Enacted by Stats. 1951, Ch. 364.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1951, Ch. 364.