Form SFSB-408-2 "Discount Buying Organization Surety Bond" - California

What Is Form SFSB-408-2?

This is a legal form that was released by the California Secretary of State - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on April 1, 2015;
  • The latest edition provided by the California Secretary of State;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form SFSB-408-2 by clicking the link below or browse more documents and templates provided by the California Secretary of State.

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Download Form SFSB-408-2 "Discount Buying Organization Surety Bond" - California

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State of California
Secretary of State
SURETY BOND
DISCOUNT BUYING ORGANIZATION
(Civil Code Section 1812.100 et seq.)
Bond Number
(Office Use Only)
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, as SURETY, are held and firmly bound to the People of the State of California
in the penal sum of twenty thousand dollars ($20,000), 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 twenty thousand dollars ($20,000) 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.
SFSB-408-2 Rev 04/2015
- OVER -
Filing Fee $30.00
State of California
Secretary of State
SURETY BOND
DISCOUNT BUYING ORGANIZATION
(Civil Code Section 1812.100 et seq.)
Bond Number
(Office Use Only)
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, as SURETY, are held and firmly bound to the People of the State of California
in the penal sum of twenty thousand dollars ($20,000), 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 twenty thousand dollars ($20,000) 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.
SFSB-408-2 Rev 04/2015
- OVER -
Filing Fee $30.00
PROVIDED HOWEVER,
this bond is issued subject to the following express conditions:
1.
This bond shall be deemed continuous in form and shall remain in full force and effect for the term of the initial
bond and all subsequent riders, for all liabilities, acts, omissions, or causes arising after this bond becomes
effective and before the cancellation or withdrawal of the Surety from the bond.
2.
This bond is executed by the Surety to comply with the provisions of Title 2.6 (commencing with Section 1812.100
et seq.) Part 4 of Division 3 of the Civil Code and of Chapter 2 (commencing with Section 995.010), Title 14, Part
2 of the Code of Civil Procedure and said bond shall be subject to all of the terms and provisions thereof.
3.
The aggregate liability of the Surety hereunder on all claims whatsoever shall not exceed the penal sum of this
bond in any event.
4.
This bond may be canceled by the Surety in accordance with the provisions of Sections 996.310 et seq. of the
Code of Civil Procedure.
(Name of Surety)
(Address of Surety)
I certify under penalty of perjury, under the laws of the State of California, that I have executed the foregoing bond under
an unrevoked power of attorney.
Executed in
on
(City, State)
(Date)
Signature of Attorney-In-Fact for Surety
Printed or Typed Name of Attorney-In-Fact for Surety
INSTRUCTIONS:
1. The term for all bonds submitted shall not be less than twenty-four (24) months.
2. Send the executed document and filing fee to:
California Secretary of State
P.O. Box 942870
Sacramento CA 94277-2870
3. Include the filing fee of $30.00.
4. There is no fee for filing an amendment to a previously filed bond.
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