Form Sfsb-408 - Surety Bond Discount Buying Organization
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1
2State of California
Secretary of State
SURETY BOND
DISCOUNT BUYING ORGANIZATION
(Civil Code Section 1812.100 et seq.)
Check one box:
Parent ($2,500,000)
Affiliate ($250,000)
(Office Use Only)
Bond Number ________________________________________
The premium of this bond is $ _________________________ for the term of ________________________________________.
KNOW ALL PERSONS BY THESE PRESENTS:
That ____________________________________________________________________________________________
(Name of Principal)
doing business as _______________________________________________________________________________________
(Name of Business)
a discount buying organization, whose address is
______________________________________________________________________________________________________
Street Address
City
State
Zip
as PRINCIPAL, and __________________________________________________________________________, a corporation
(Name of Surety)
organized under the laws of __________________________________________________, and authorized to transact a general
surety business in the State of California, whose address for service is ______________________________________________
_______________________, as SURETY, are held and firmly bound to the People of the State of California in the penal sum of,
two million, five hundred thousand dollars ($2,500,000) or
two hundred fifty thousand dollars ($250,000)
for which payment we bind ourselves, our heirs, executors, administrators, successors and assigns jointly and severally, firmly
by these presents.
WHEREAS, the provisions of Section 1812.100 et seq., of the Civil Code, require that the Principal file or have
on file with the Secretary of State a copy of a bond in the sum of,
two million, five hundred thousand dollars ($2,500,000) or
two hundred fifty thousand dollars ($250,000)
and this bond is executed and tendered in accordance therewith.
NOW THEREFORE, the conditions of the foregoing obligations are that if the Principal complies with the
provisions of Title 2.6 (commencing with Section 1812.100 et seq.), Part 4 of Division 3 of the Civil Code of the State of
California, and pays all sums due any individual or group of individuals when such Principal or its representative or agent has
received such sums, and pays all damages occasioned to any person by unlawful acts or omissions of the Principal mentioned
above, or of its agents or employees while acting within the scope of their employment, then this obligation is to be void;
otherwise it is to remain in full force and effect.
- OVER -
SFSB-408 Rev 04/2015
Filing Fee $30.00
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