Surety Bond For Investment Advisers Form - Department Of Financial Institutions - Kentucky

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COMMONWEALTH OF KENTUCKY
DEPARTMENT OF FINANCIAL INSTITUTIONS
DIVISION OF SECURITIES
SURETY BOND FOR INVESTMENT ADVISERS
The
parties
agree
that
_________________________________
as
Principal,
of
____________________________ (address), City of _________________________, County of
____________________________,
State
of
______________________,
and
___________________________________, as Surety, a corporation incorporated under the laws
of ________________________, and licensed to transact business in Kentucky, are bound unto
the Commissioner of the Department of Financial Institutions, as Obligee, for the benefit of any
person in the sum of $____________, the payment of which Principal and Surety jointly and
severally bind themselves, their successors, assigns, heirs, and legal representative.
SECTION ONE
CONDITION OF OBLIGATION
1.
Any person may enforce liability on this bond based upon a judgment rendered
against Principal by a court of competent jurisdiction in which the court determines that Principal
violated a provision of KRS Chapter 292, the Kentucky Securities Act (the "Act"). If Principal
fully satisfies any judgment rendered against Principal by a court of competent jurisdiction in
which the court determines that Principal violated a provision of the Act, then this obligation is
void.
2.
In order to for liability to attach to Surety, an action to enforce liability on this
bond must be brought within one year from the date of the issuance of the underlying judgment
or order against Principal.
Version 11-2004

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