Form SFSB-263 "Seller of Travel Discount Programs Surety Bond" - California

What Is Form SFSB-263?

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-263 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-263 "Seller of Travel Discount Programs Surety Bond" - California

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State of California
Secretary of State
SURETY BOND
SELLER OF TRAVEL DISCOUNT PROGRAMS
(Business and Professions Code section 17550 et seq.)
(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)
is a seller of travel discount programs whose address is
___________________________________________________________________________________________________________ ,
(Street Address)
(City)
(State)
(Zip)
as PRINCIPAL, and ____________________________________________________________, a corporation organized
(Name of Surety)
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 State of California for the benefit of purchasers of the seller of travel
discount programs in the penal sum of, one hundred thousand dollars ($100,000) for which payment we bind ourselves,
our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. The bond
shall be in favor of the State of California for the benefit of purchasers of the seller of travel discount program harmed by a
violation of Business and Professions Code section 17550.27, the seller's misrepresentation or misapplication of funds, or
the failure of the seller to comply with the terms of the seller of travel discount program.
WHEREAS, the provisions of Section 17550.27 of the Business and Professions Code require that the Principal file,
or have on file, with the Secretary of State a copy of a bond in the sum of one hundred thousand dollars ($100,000), 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 California Business and Professions Code section 17550 et seq., 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 for the loss incurred
by any person for the unlawful acts or omissions of the Principal 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-263 Rev 04/2015
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State of California
Secretary of State
SURETY BOND
SELLER OF TRAVEL DISCOUNT PROGRAMS
(Business and Professions Code section 17550 et seq.)
(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)
is a seller of travel discount programs whose address is
___________________________________________________________________________________________________________ ,
(Street Address)
(City)
(State)
(Zip)
as PRINCIPAL, and ____________________________________________________________, a corporation organized
(Name of Surety)
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 State of California for the benefit of purchasers of the seller of travel
discount programs in the penal sum of, one hundred thousand dollars ($100,000) for which payment we bind ourselves,
our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. The bond
shall be in favor of the State of California for the benefit of purchasers of the seller of travel discount program harmed by a
violation of Business and Professions Code section 17550.27, the seller's misrepresentation or misapplication of funds, or
the failure of the seller to comply with the terms of the seller of travel discount program.
WHEREAS, the provisions of Section 17550.27 of the Business and Professions Code require that the Principal file,
or have on file, with the Secretary of State a copy of a bond in the sum of one hundred thousand dollars ($100,000), 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 California Business and Professions Code section 17550 et seq., 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 for the loss incurred
by any person for the unlawful acts or omissions of the Principal 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-263 Rev 04/2015
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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 section 17550 et seq. of the Business and
Professions Code and section 995.010 of the Code of Civil Procedure, and said bond shall be subject to all 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.
5. The Surety, its successors and assigns, are jointly and severally liable on the obligations of section 17550 et
seq. of the Business and Professions Code.
6. The Principal and Surety may be served with notices, papers and other documents under section 995.010 of the
Code of Civil Procedure and section 17550 et seq. of the Business and Professions Code, at the addresses
given above.
7. The attorney in fact for the Surety has the authority under an unrevoked appointment or power of attorney to
sign for, and bind, Surety.
8. The liability on a bond may be enforced as provided in Code of Civil Procedure section 995.850 by or for the
benefit of, and in the name of, any and all persons for whose benefit the bond is given who are damaged by
breach of the condition of the bond.
9. No person may recover under this bond a sum greater than that which such person paid to the Principal,
provided that this condition shall not restrict a person from recovering sums greater than those paid to the
Principal from sources other than this bond.
___________________________________________________________________________________________________________
(Name of Surety)
I certify (or declare) under penalty of perjury, under the laws of the State of California, that the foregoing is true and
correct.
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:
Secretary of State
Special Filings Unit
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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