(1) No bail bond agent shall accept collateral security or other indemnity of any type in an individual or aggregate amount totaling in excess of fifty thousand dollars ($50,000) cash per bond, except as provided by sections 648.442(1)(a)-(e), F.S., or by this rule.

Terms Used In Florida Regulations 69B-221.135

  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
    (2) The meaning of “”any other type of security”” in section 648.442(1)(e), F.S., is defined to include only the following types of security:
    (a) Shares of stock of a close corporation; or
    (b) Patents, copyrights or trademarks.
Rulemaking Authority 648.26 FS. Law Implemented 648.442(1) FS. History-New 12-23-82, Formerly 4-1.142, Amended 9-10-91, Formerly 4-1.0142, Amended 4-14-97, Formerly 4-221.135.

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