California § 12223. 12223. (Amended by Stats. 1982, Ch. 517, Sec. 215.)

California Statutes

§ 12223. — 12223. (Amended by Stats. 1982, Ch. 517, Sec. 215.)

California § 12223.

Code FINFinancial Code - FIN

Div. 3.DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS

Ch. 3.CHAPTER 3. Licensing

This text of California § 12223. (12223. (Amended by Stats. 1982, Ch. 517, Sec. 215.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 12223. (2026).

Text

The commissioner may require a licensee, in addition to the bond provided in Section 12206, to obtain an adequate fidelity bond for each officer, employee, agent, or any person having access to funds collected by or for the licensee or having authority to draw against such funds if in the commissioner’s opinion such a bond is necessary for the protection of the public. The bond shall be for the protection of the public against loss suffered through embezzlement by any person having access to funds collected by or for the licensee or having authority to draw against such funds, or from mysterious disappearance, theft, holdup or burglary. A deposit given
  instead of the bond required by this section shall not be deemed an asset of the licensee for the purpose of complying with Section 12205

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The commissioner may require a licensee, in addition to the bond provided in Section 12206, to obtain an adequate fidelity bond for each officer, employee, agent, or any person having access to funds collected by or for the licensee or having authority to draw against such funds if in the commissioner’s opinion such a bond is necessary for the protection of the public. The bond shall be for the protection of the public against loss suffered through embezzlement by any person having access to funds collected by or for the licensee or having authority to draw against such funds, or from mysterious disappearance, theft, holdup or burglary. A deposit given
instead of the bond required by this section shall not be deemed an asset of the licensee for the purpose of complying with Section 12205.

Legislative History

Amended by Stats. 1982, Ch. 517, Sec. 215.

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California § 12223., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/12223..