California Food and Agricultural Code

§ 56189.5

FAC § 56189.5Div. 20 · Ch. 7 · Art. 4

Statute text

(a)Licensees or applicants for a license shall be required to furnish and maintain a surety bond in a form and amount satisfactory to the director, if within the preceding four years the director determines that they have done any of the following:

(1)Engaged in conduct which demonstrates a lack of financial responsibility including, but not limited to, delinquent accounts payable, judgments of liability, insolvency, or bankruptcy.

(2)Failed to assure future financial responsibility unless a surety bond is posted.

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Legislative history

Added by Stats. 1987, Ch. 662, Sec. 15.