You are here: California / Business and Professions Code - BPC / ARTICLE 6. Real Property Securities Dealers [10237. - 10238.8.] / Section 10237.9.

Section 10237.9. (Added by Stats. 1961, Ch. 886.)
Cite as: Cal. Bus. & Prof. Code §10237.9.

When an action is commenced on the bond of a real property securities dealer the commissioner may require the filing of a new bond. Immediately upon the recovery in any action on the bond the dealer shall file a new bond. Failure to file a new bond within seven (7) days after notification that a new bond is required or after recovery on a bond constitutes failure to comply with Section 10237.8.

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