Form 9 - Bond For Professional Solicitors And Commercial Co-Venturers (Page 2 of 2) in pdf

Form 9

Bond Year: _______

This bond is issued subject to the following additional express conditions:

1. CONDITION OF OBLIGATION. If the Division shall register the above Principal as a

Professional Solicitor or Commercial Co-venturer and the Principal fully complies with the

provisions of sections nineteen to thirty-five of chapter sixty-eight of the General laws and the

acts amendatory thereof and supplemental thereto, then this obligation shall be discharged and be

null and void. Otherwise the bond obligation will remain in full force and effect.

2. ORDER OF CLAIMS. Obligees’ claims under this bond shall be settled in the order that the

claims are made.

3. MULTIPLE CLAIMS ON THE BOND. This bond shall not become void upon the first

recovery thereon but may be sued upon from time to time until the full amount thereof shall have

been exhausted.

4. LIMITATION OF RESPONSIBILITY OF SURETY. This bond may not be construed to

require the Surety to be responsible for losses, damages or penalties resulting from any

malfeasance or misfeasance in the conduct of solicitation after the expiration or effective date of

cancellation of this bond, provided such cancellation was in accordance with the terms set out in

#6 below. This bond is to cover all claims arising on account of the registration of the Principal

and his/her acting as such Professional Solicitor or Commercial Co-venturer for the calendar year

period ending on December 31, _________.

5. LIMITATION ON SUM OF TOTAL LIABILITY. In no event shall the liability of the surety

under this bond for all claims exceed the sum of this bond.

6. NOTICE OF CANCELLATION. This bond may be cancelled at any time by the surety upon

giving thirty (30) days written notice to the Professional Solicitor or Commercial Co-venturer and

the Attorney General’s Office by certified mail of such cancellation. It is understood that the

Surety shall continue to be liable for any cause of action for any malfeasance or misfeasance by

the Principal, its members, its officers, and its employees in the conduct of the solicitation when

such cause of action arose prior to the date of cancellation.

This bond is issued pursuant to section twenty-four of chapter sixty-eight of the Massachusetts General

Laws. This bond shall be issued for the term from

, 20

SIGNED AND DATED this

day of

, 20

Signature of Principal

By: (please print)

Signature of Attorney-in-Fact for Surety

By: (please print)

Form 9

Page 2 of 2

Rev. 07/2007

Form 9 - Bond For Professional Solicitors And Commercial Co-Venturers Page 2