California § 12599.5. 12599.5. (Added by Stats. 1991, Ch. 569, Sec. 1.)

California Statutes

§ 12599.5. — 12599.5. (Added by Stats. 1991, Ch. 569, Sec. 1.)

California·Code GOV Government Code - GOV·Div. 3.·Title 2. DIVISION 3. EXECUTIVE DEPARTMENT·Part 2. PART 2. CONSTITUTIONAL OFFICERS·Ch. 6. CHAPTER 6. Attorney General·Art. 7. ARTICLE 7. Supervision of Trustees and Fundraisers for Charitable Purposes Act

Each application for registration or renewal of registration under subdivision (b) of Section 12599 shall be accompanied by a cash deposit or by a bond issued by an admitted surety in favor of the State of California and in a form acceptable to the Attorney General. The cash deposit or bond shall be in the amount of twenty-five thousand dollars ($25,000) and shall be for the benefit of any person damaged as a result of malfeasance or misfeasance in the conduct of the activities specified in subdivision (a) of Section 12599. The bond may be in the form of a rider to a larger blanket liability bond.

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Each application for registration or renewal of registration under subdivision (b) of Section 12599 shall be accompanied by a cash deposit or by a bond issued by an admitted surety in favor of the State of California and in a form acceptable to the Attorney General. The cash deposit or bond shall be in the amount of twenty-five thousand dollars ($25,000) and shall be for the benefit of any person damaged as a result of malfeasance or misfeasance in the conduct of the activities specified in subdivision (a) of Section 12599. The bond may be in the form of a rider to a larger blanket liability bond.

California § 12599.5. (12599.5. (Added by Stats. 1991, Ch. 569, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.