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Current as of January 01, 2023 | Updated by FindLaw Staff
All funds received by any person from the assessments levied under the authority of this chapter or otherwise received by the commission shall be deposited in banks which the commission may designate and shall be disbursed by order of the commission through an agent or agents designated by the commission for that purpose. The agent or agents shall be bonded by a fidelity bond, executed by a surety company authorized to transact business in this state, in favor of the commission, in an amount of not less than twenty-five thousand dollars ($25,000).
Cite this article: FindLaw.com - California Code, Food and Agricultural Code (Formerly Agricultural Code) - FAC § 78240 - last updated January 01, 2023 | https://codes.findlaw.com/ca/food-and-agricultural-code-formerly-agricultural-code/fac-sect-78240/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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