California Business and Professions Code 8697.2 – The bonds required by this article shall be in favor of the State of …
Current as of: 2024 | Check for updates
|
Other versions
The bonds required by this article shall be in favor of the State of California for the benefit of any person who, after entering into a contract with a registered company, is damaged by fraud or dishonesty of the registered company in the performance of the contract, or any person who is damaged as a result of a violation of this chapter by the registered company.
(Amended by Stats. 1985, Ch. 1348, Sec. 93. Operative January 1, 1987, by Sec. 97 of Ch. 1348.)
Terms Used In California Business and Professions Code 8697.2
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21