DIVISION 3. OBLIGATIONS 1427-3272.9›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273›TITLE 2.6. CONTRACTS FOR DISCOUNT BUYING SERVICES 1812.100-1812.129

§ 1812.103

California Civil Code · 2018-11 edition · updated 2026-10-04 · California

Every discount buying organization shall maintain a bond issued by a surety company admitted to do business in this state. The principal sum of the bond shall be twenty thousand dollars ($20,000). A copy of such bond shall be filed with the Secretary of State.

(Amended by Stats. 1996, Ch. 633, Sec. 8. Effective January 1, 1997.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Civil Code

California Civil Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.