Statute · California Financial Code
Cal. Fin. Code § 6203 — Indemnity Bonds
Cal. Fin. Code § 6203
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.
Citator
Cal. Fin. Code § 6203 — Indemnity Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.
(b) In lieu of individual bonds, a blanket bond, protecting the association from loss through any act or acts of any director, officer, employee or agent, may be obtained.
(c) A true copy of every indemnity bond shall be on file at all times at the association’s home office.