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§ 7614. Broker's Bond or Deposit.

14 CA ADC § 7614Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 14. Natural Resources
Division 4. Division of Boating and Waterways
Chapter 1. Division of Boating and Waterways
Article 8. Yacht and Ship Broker Licenses
14 CCR § 7614
§ 7614. Broker's Bond or Deposit.
Currentness
(a) The Yacht and Ship Broker's Bond Endorsement used shall be of the form prescribed and provided by the department.
(b) The department may not release its interest in a cash deposit made pursuant to section 731 of the Harbors and Navigation Code until a surety bond, dated to include the period for which the cash deposit was made, is filed with the department.
(c) The period required by subsection (b) will not exceed four years.

Credits

Note: Authority cited: Section 703, Harbors and Navigation Code. Reference: Sections 730 and 731, Harbors and Navigation Code.
History
1. New subsections (b) and (c) filed 4-2-90; operative 5-2-90 (Register 90, No. 17).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 14, § 7614, 14 CA ADC § 7614
End of Document