Form DFPI-31113 "Surety Bond" - California

What Is Form DFPI-31113?

This is a legal form that was released by the California Department of Financial Protection and Innovation - 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 November 1, 2020;
  • The latest edition provided by the California Department of Financial Protection and Innovation;
  • 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 DFPI-31113 by clicking the link below or browse more documents and templates provided by the California Department of Financial Protection and Innovation.

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Download Form DFPI-31113 "Surety Bond" - California

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STATE OF CALIFORNIA – DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
SURETY BOND
DFPI–31113 (Rev. 11-20)
BEFORE THE DEPARTMENT OF FINANCIAL PROTECTION AND
INNOVATION OF THE STATE OF CALIFORNIA
(Under Section 31113 of the Corporations Code)
KNOW ALL MEN BY THESE PRESENTS:
That we____________________________________________________________, as
principal, and
, a
corporation, created, organized and existing under and by virtue of the laws of the State of
_______________, as surety, are held and firmly bound unto the State of California for the use
thereof, and for the use of any interested person or persons who may have a cause of action
against the above-named principal of said bond under the provisions of the Law entitled
"Franchise Investment Law," of the State of California, in the aggregate sum of
______________, lawful money of the United States of America, to be paid to the State of
California, or to any person or persons, for the use and benefit aforesaid, for which payment
well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors
and assigns, jointly and severally, firmly by these presents.
The condition of the above obligation is such that—
WHEREAS, the above-named principal has made application to the Commissioner of
Financial Protection and Innovation of the State of California for registration of franchises
under and pursuant to the Franchise Investment Law, and desires to furnish a bond under the
provisions of Section 31113 of the Corporations Code and Section 310.113.5 of Title 10,
California Administrative Code in the penal sum above named, conditioned as herein set forth;
and
WHEREAS, Section 31113 of the Corporations Code requires that this bond be
conditioned upon the discharge by the franchisor of its (his) obligations under the franchise
contract to provide real estate, improvements, equipment, inventory, training and other items
included in the offering of franchises;
NOW, THEREFORE, If the said principal and any and all agents and employees
representing said principal shall faithfully conform to and abide by the provisions of the Law
entitled "Franchise Investment Law," and of all rules and regulations made by the
Commissioner of Financial Protection and Innovation thereunder, and further shall pay to the
State, and to such person or persons, any and all amounts which may become due or owing to
the State or to such person or persons, from said principal under and by virtue of the
provisions of said Law, then this obligation is to be void, otherwise to remain in full force and
effect.
STATE OF CALIFORNIA – DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
SURETY BOND
DFPI–31113 (Rev. 11-20)
BEFORE THE DEPARTMENT OF FINANCIAL PROTECTION AND
INNOVATION OF THE STATE OF CALIFORNIA
(Under Section 31113 of the Corporations Code)
KNOW ALL MEN BY THESE PRESENTS:
That we____________________________________________________________, as
principal, and
, a
corporation, created, organized and existing under and by virtue of the laws of the State of
_______________, as surety, are held and firmly bound unto the State of California for the use
thereof, and for the use of any interested person or persons who may have a cause of action
against the above-named principal of said bond under the provisions of the Law entitled
"Franchise Investment Law," of the State of California, in the aggregate sum of
______________, lawful money of the United States of America, to be paid to the State of
California, or to any person or persons, for the use and benefit aforesaid, for which payment
well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors
and assigns, jointly and severally, firmly by these presents.
The condition of the above obligation is such that—
WHEREAS, the above-named principal has made application to the Commissioner of
Financial Protection and Innovation of the State of California for registration of franchises
under and pursuant to the Franchise Investment Law, and desires to furnish a bond under the
provisions of Section 31113 of the Corporations Code and Section 310.113.5 of Title 10,
California Administrative Code in the penal sum above named, conditioned as herein set forth;
and
WHEREAS, Section 31113 of the Corporations Code requires that this bond be
conditioned upon the discharge by the franchisor of its (his) obligations under the franchise
contract to provide real estate, improvements, equipment, inventory, training and other items
included in the offering of franchises;
NOW, THEREFORE, If the said principal and any and all agents and employees
representing said principal shall faithfully conform to and abide by the provisions of the Law
entitled "Franchise Investment Law," and of all rules and regulations made by the
Commissioner of Financial Protection and Innovation thereunder, and further shall pay to the
State, and to such person or persons, any and all amounts which may become due or owing to
the State or to such person or persons, from said principal under and by virtue of the
provisions of said Law, then this obligation is to be void, otherwise to remain in full force and
effect.
STATE OF CALIFORNIA – DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
SURETY BOND
DFPI-31113 (Rev. 11-20) Page 2 of 2
This bond is subject to the following provisions:
1. That any person who sustains an injury covered by this bond, may, in addition to
any other remedy that he may have, bring an action in his own name upon this bond for the
recovery of any damage sustained by him.
2.
That the total aggregate liability of the sureties herein for all claims which may
arise under this bond shall be limited to the payment of __________________.
3.
That the surety or sureties may cancel this bond and be relieved of further liability
hereunder by delivering thirty days’ written notice to the Commissioner of Financial Protection
and Innovation of the State of California; however, such cancellation shall not affect any
liability incurred or accrued hereunder prior to the termination of said thirty-day period.
4.
That this bond shall remain in force and effect until the surety or sureties are
released from liability by said Commissioner or until the bond is canceled by said surety or
sureties.
5.
That the effective date of this bond shall be ____________________, 20____.
IN WITNESS WHEREOF, The seal and signature of the said principal is hereto affixed
and the corporate seal and the name of said surety is hereto affixed and attested by its duly
authorized officers at __________________, California, this __________day of 20_____.
__________________________
Principal
__________________________
Surety
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