California § 51005. 51005. (Amended by Stats. 2009, Ch. 568, Sec. 5.)

California Statutes

§ 51005. — 51005. (Amended by Stats. 2009, Ch. 568, Sec. 5.)

California § 51005.

Code FINFinancial Code - FIN

Div. 20.5.DIVISION 20.5. EXCHANGE FACILITATORS

This text of California § 51005. (51005. (Amended by Stats. 2009, Ch. 568, Sec. 5.)) 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 § 51005. (2026).

Text

Any person claiming to have sustained damage by reason of the failure of a person engaging in business as an exchange facilitator to comply with this division may file a claim on the bonds, deposits, or letters of credit described in Section 51003 to recover the damages subject to the terms and conditions of the bonds, deposits, or letters of credit. The amounts of the bonds, deposits, or letters of credit
shall be reduced to the extent of any payment made.

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Any person claiming to have sustained damage by reason of the failure of a person engaging in business as an exchange facilitator to comply with this division may file a claim on the bonds, deposits, or letters of credit described in Section 51003 to recover the damages subject to the terms and conditions of the bonds, deposits, or letters of credit. The amounts of the bonds, deposits, or letters of credit
shall be reduced to the extent of any payment made.

Legislative History

Amended by Stats. 2009, Ch. 568, Sec. 5. (SB 204) Effective January 1, 2010.

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California § 51005., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/51005..