California Labor Code

§ 403

LAB § 403Div. 2 · Part 1 · Ch. 3 · Art. 2

Statute text

If cash is received as a bond it shall be deposited in a savings account in a bank authorized to do business in this State, and may be withdrawn only upon the joint signatures of the employer and the employee or applicant. Cash put up as a bond shall be accompanied by an agreement in writing made by the employer and employee or applicant, setting forth the conditions under which the bond is given.

Legislative history

Enacted by Stats. 1937, Ch. 90.