Bond
An applicant sha11 provide proof of having obtained a surety bond of at least $5,000 payable to the State of California to ensure payment of the cost incurred for the destruction of cannabis goods necessitated by a violation of the Act ar the regulations adopted thereunder. All bonds required under this regulation must be issued by a corporate surety licensed to transact surety business in the State of California.
Authority: Section 26013, Business and Professions Code. Reference: Section 26051.5, Business and Professions Code.