Professional Solicitors Bond | Pdf Fpdf Doc Docx | South Carolina

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Professional Solicitors Bond | Pdf Fpdf Doc Docx | South Carolina

Last updated: 1/26/2023

Professional Solicitors Bond

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The State of South Carolina Office of the Secretary of State Public Charities Division P. O. Box 11350 Columbia, SC 29211 (803) 734-1790 Bond No: ________ Professional Solicitor's Bond KNOW BY ALL MEN BY THESE PRESENTS, That We _______________________________________ (Name of Professional Fundraising Solicitor) of __________________________________________________________________________________ (Address of Professional Fundraising Solicitor) AS PRINCIPAL, and ___________________________________________________________________ (Name of Surety) of __________________________________________________________________________________ (Address of Surety) a corporation organized and existing under the laws of the State of ______________________________________________, and authorized to transact insurance in the State of South Carolina. AS SURETY, are held firmly bound to the State of South Carolina for the use of the Secretary of State or his appropriate division and any person who may have a cause of action against the obligor for losses resulting from malfeasonance, nonfeasonance, or misfeasonance in the conduct of solicitation activities for any breach of the condition of this obligation in the sum of FIFTEEN THOUSAND ($15,000) DOLLARS for the payment of which sum well and truly to be made we behind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. SEALED with our seal, and dated this _____________________________ day of ______________________________. 20______ THE CONDITIONS OF THE ABOVE OBLIGATION ARE SUCH THAT: Whereas, the above-mentioned Principal has applied for or will apply for registration as a Profession Solicitor under the Solicitation of Charitable Fund's Act. NOW THEREFORE, if said Principal shall faithfully comply with the provision of said South Carolina Solicitation of Charitable Fund's Act and with all rules, regulations and orders made pursuant thereto and all amendments thereto now or hereinafter enacted, then this obligation shall be null and void; otherwise to be and remain in full force and effect. The liability of the Surety hereon to all persons aggrieved shall in no event exceed in the aggregate fifteen thousand ($15,000) dollars in any registration period. This Bond is a continuous obligation and shall cover the full period or periods of registration of the Principal, including initial and renewal registrations. Each renewal registration shall be considered a separate registration period for purposes of Bond. The Principal agrees to furnish the Surety with any information concerning the history and activities, past and present, of any and all persons, interested in the business as principals, co-partners, officers or directors as the Surety may reasonably require. The liability hereunder may be terminated (a) by written notice from Surety to Obligee that liability shall terminate upon expiration of thirty (30) days from the date of such notice or (b) upon written authorization from Obligee addressed to Surety. In either event a copy of the notice or authorization shall be forwarded to the Principal. In the event of such cancellation by the Surety , the Surety shall refund any unearned premium. ___________________________________ Signature of Principal Sworn to before me this __________________ day of _______________ , 20_____ ___________________________________ Print Name and Official Position ___________________________________________________________________ (Signature of Notary) ___________________________________ Signature of Surety My Commission Expires:_______________________________________________ X:\Forms\External\Standard Bond Rev. 2/12/2001 9:38 AM American LegalNet, Inc.

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